Measured against area pay, Edgewood costs less to live in than 71% of U.S. towns
It ranks #19 of 72 in New Mexico for affordability. Up 3.2% in a year, 20% above the New Mexico typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Santa Fe, NM metro area ($79K). How TownRatings grades cost of living
The grade compares costs with what households across the Santa Fe metro earn ($79K, Census 2020–24). The typical home costs 3.9 years of metro income, and 42% of renters pay 30% or more of income for housing.
In dollars
- $380Ktypical home, 20% above the New Mexico typical homeZillow, September 2026
- $1,550a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 99prices across the Santa Fe metro, where the U.S. is 100 (housing 108)BEA Regional Price Parities, 2024
In paychecks the grade
- 3.9 yrsof area income buys the typical home; the typical U.S. town: 3.3$79K, Santa Fe-area income
- 17%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 18%of owners do; the typical U.S. town: 20%Census 2020–24
The short version on homes in Edgewood
Nearly every household owns
92% of Edgewood households own their home, against 70% across New Mexico. There are only 170 renter households, so rentals are scarce. Property taxes ↓
Mostly newer homes
Half of Edgewood’s homes were built after 1997, against 1985 for New Mexico as a whole. Property taxes ↓
A median income goes further next door
At Edgewood’s median income, the calculator’s budget of about $351K falls short here but covers the typical home in Cedar Grove ($185K) and Barton ($324K). Can I afford it? ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; sales and supply are Redfin’s for September 2026; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Edgewood’s grade
Measured against what households in the area earn, Edgewood is more affordable than 71% of U.S. towns, #19 of 72 in New Mexico. Home prices pull the grade down most; property tax holds it up.
Values have lagged New Mexico: the typical Edgewood home is up 19.6% in five years, against 25.1% statewide (Zillow).
Up 19.6% in five years
Slower than New Mexico (25.1%).
Show as a table
| January | Edgewood | New Mexico |
|---|---|---|
| 2017 | $205,000 | $177,000 |
| 2018 | $219,000 | $183,000 |
| 2019 | $231,000 | $191,000 |
| 2020 | $252,000 | $203,000 |
| 2021 | $289,000 | $228,000 |
| 2022 | $327,000 | $261,000 |
| 2023 | $347,000 | $285,000 |
| 2024 | $359,000 | $299,000 |
| 2025 | $372,000 | $310,000 |
| 2026 | $374,000 | $313,000 |
| September 2026 | $380,000 | $316,000 |
A typical Edgewood home worth $203K in October 2016 is worth about $380K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
Too few sales to read the market
Only 6 homes sold in September 2026, the latest month in Redfin’s figures: too few to describe the market or quote a median sale price.
A typical home costs 3.9 years of area income
The calculator starts from the area income the grade uses. Switch to Edgewood’s own median, or type yours.
That’s $54K short of a typical Edgewood home.
A two-bedroom rents for about $1,550 a month here, $600 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Edgewood’s typical property tax (0.50% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,550
Renters already here pay a median of $1,114, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Albuquerque, NM MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the New Mexico norm
The median bill is $1,517 (New Mexico: $1,731), 0.50% of a home’s value a year, against 0.70% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Edgewood
Only figures published free for the whole country, each labeled with the area it covers: the Santa Fe, NM metro area, or New Mexico. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 99 | NM 92 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 96 | NM 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 77 | NM 78 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | NM 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Edgewood vs. its neighbors
Of the 1 towns here with a Zillow value, Edgewood has the lowest. La Madera and Paa-Ko and Thunder Mountain and Barton and Cedar Grove have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Edgewood | B+ | $380K | $306K | 0.50% | $1,550 |
| Thunder Mountain | C | — | $400K | 0.33% | $1,520 |
| Barton | C+ | — | $324K | 0.69% | $1,440 |
| La Madera | – | — | $763K | 0.45% | $1,620 |
| Paa-Ko | – | — | $715K | 0.61% | $1,620 |
| Cedar Grove | – | — | $185K | 0.48% | $1,510 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Edgewood
Is Edgewood expensive to live in?
Measured against what households in the area earn, Edgewood costs less than 71% of U.S. towns: a B+ for cost of living, #19 of 72 in New Mexico. The typical home costs 3.9 years of the median household income of the Santa Fe, NM metro area ($79K).
How much does a house cost in Edgewood?
About $380K, Zillow’s typical value for September 2026, up 3.2% in a year. The New Mexico typical home is $316K.
What salary do you need to live in Edgewood?
To buy the typical home with 20% down at 6.3%, about $92,000 a year, keeping the payment (about $2,150 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $62,000.
How much is rent in Edgewood?
HUD puts a two-bedroom at about $1,550 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,114 (Census 2020–24).
What are property taxes in Edgewood?
The median bill is $1,517 a year, 0.50% of the median home value (New Mexico: $1,731, 0.70%), from the Census 2020–24.
Are home prices in Edgewood going up?
Yes: up 3.2% in the past year and 19.6% in five years, against 25.1% across New Mexico (Zillow).
Neighbors talk housing
What Edgewood buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.