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 6,322 inhabitants. According to the most recent Census, 90% of Edgewood residents are White, 2% American Indian and Alaskan and 0% 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. Something to be aware of when living in Edgewood are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 34 minutes, this comes in much higher than the national average of 26 minutes.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Edgewood could be a positive experience compared to other cities in New Mexico if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Finding the best places to live in Edgewood and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, commute, housing and other important metrics.
The livability score in Edgewood is 67 out of 100 and the city is ranked in the 66th percentile of all cities across America. 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-), employment (B) and housing (A+). Regrettably for Edgewood, there are some categories for which it does not score well, this includes: amenities (F) and education (D).
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Edgewood has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Edgewood is real estate affordability. Median real estate prices in Edgewood come in at $351,816, which is 24.1% higher than the New Mexico average. The home price to income ratio compares the median home prices to the median household income. In Edgewood, the home price to income ratio is 3.4, which is 19% 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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