Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Edgewood, New Mexico is a small city with a population of 6,113 residents. In Edgewood, there are 108 people per square mile, which is well below the national population density average. If we look at the most recent Census, Edgewood is known to have a predominantly White population. The next two most common races are American Indian and Alaskan and Black. Additionally, more than a quarter of the population of Edgewood are of Hispanic or Latino origin, and 13% of the population also speak Spanish. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Edgewood offers up a higher than average one way commute time of 34 minutes.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a fulfilling experience if you are willing to get to know the city before actually living in Edgewood, New Mexico. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like amenities, cost of living, commute, employment and other key data points, finding the best places to live in Edgewood and in the areas around Edgewood is a much easier task.
Edgewood, NM receives 65/100 for its livability score; this results in a ranking of #49 in New Mexico and #11,162 in the USA. If we probe a little deeper into each category within the livability score, we see that Edgewood has higher than average grades for the following: crime (B-), cost of living (A-) and housing (B+). There are some categories that Edgewood does not rank well for, including: amenities (F) and education (D-). It might be worth taking a closer look to figure out why.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Edgewood market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Edgewood. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Edgewood are affordable. The median home price for Edgewood homes is $192,400, which is 19.1% higher than the New Mexico average. If we take a closer look at the affordability of homes in Edgewood, we’ll see that the home price to income ratio is 2.8, which is 20% lower than the New Mexico average.
| Statistic | Edgewood | New Mexico | National |
| Average one way commute | 34min | 22min | 26min |
| Workers who drive to work | 79.8% | 79.8% | 76.4% |
| Workers who carpool | 10.7% | 10.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 0.2% | 2.2% | 2.8% |
| Working from home | 7.6% | 4.7% | 4.6% |
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