Cost of Living in Edgewood, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.7
100 = national avg
+15.7 vs national average
Living Wage (1 Adult)
$50,889
per year
Living Wage (Family of 4)
$120,284
per year
Cost Index by Category
Housing113.3
Food112.1
Transportation124.2
Healthcare109.7
Utilities109.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,185
per month
2 Bedroom
$1,464
per month
The overall cost of living index in Edgewood is 115.7, which is 15.7% above the national average. Housing costs are above the national average at an index of 113.3. A single adult needs to earn approximately $50,889 per year to cover basic expenses.