Living in Edgewood, New Mexico
Cost of living, income, home prices, rent and demographics of Edgewood · Census data 2020–2024
Edgewood has 6,124 residents with a median age of 36.4. The median household income is $84,761 (32% higher than the New Mexico median), the median home value is $306,400, the median rent is $1,114/month.
Edgewood at a glance
- Population
- 6,124
- Median age
- 36.4State: 39.4
- Median household income
- $84,761State: $64,059
- Median home value
- $306,400State: $248,100
- Median rent
- $1,114/moState: $1,067
- Homeowners
- 91.7%
- Bachelor's degree or higher
- 35%
- Average commute
- 36 min
Is Edgewood a good place to live?
Pros: Median household income 32% higher than the New Mexico median; unemployment of 5.1%; a poverty rate of 8.3%.
Cons: Home values 23% higher than the state median; an average commute of 36 minutes.
The weather is best in May–June and August–September.
Cost of living in Edgewood
Housing is the biggest part of the cost of living. In Edgewood the median home value is $306,400, 8% lower than the U.S. median. Renters pay a median of $1,114 per month, which is 25% of household income. Homeowners with a mortgage pay $1,569 a month in housing costs.
Edgewood median household income
The median household income in Edgewood is $84,761 and the income per person is $38,567. 8.3% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Edgewood: homes for sale and rent
- Housing units
- 2,413
- Owner-occupied
- 91.7%
- Renter-occupied
- 8.3%
- Vacant
- 7.8%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 2.74
Edgewood demographics
- Population
- 6,124
- Median age
- 36.4
- Under 18
- 24.4%
- 65 and older
- 15.8%
- Households
- 2,225
- Foreign-born
- 1.8%
- Veterans
- 15%Adults 18+
Hispanic or Latino can be of any race. Population history of Edgewood ›
Education in Edgewood
35% of adults 25 and older in Edgewood have a bachelor's degree or higher (New Mexico: 31%), and 14.8% have a graduate or professional degree.
Jobs and commute in Edgewood
- Unemployment rate
- 5.1%State: 6%
- Average commute
- 36 minState: 24 min
- Work from home
- 14.5%
- Drive alone
- 73.4%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 96%
Edgewood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Edgewood | 6,124 | $84,761 | $306,400 | $1,114 |
| Thunder Mountain | 1,366 | $47,309 | $400,000 | — |
| Cedar Grove | 901 | $63,261 | $185,000 | — |
| Sandia Knolls | 1,445 | $91,827 | $293,900 | $1,107 |
| Sedillo | 565 | $112,009 | $475,900 | — |
| Barton | 1,302 | $81,723 | $323,700 | — |
| San Pedro | 172 | $140,568 | $365,000 | — |
| San Antonito | 688 | $51,898 | $370,700 | — |
| Paa-Ko | 743 | $230,804 | $714,700 | — |
More for people moving to Edgewood
Edgewood ZIP code ›Weather and climate ›Living in Edgewood: FAQ
What is the median household income in Edgewood, NM?
The median household income in Edgewood is $84,761, 32% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Edgewood?
The median home value in Edgewood is $306,400, compared with $248,100 in New Mexico.
How much is rent in Edgewood?
The median gross rent in Edgewood is $1,114 per month, about 25% of household income.
Is Edgewood, NM a good place to live?
Pluses: median household income 32% higher than the New Mexico median; unemployment of 5.1%; a poverty rate of 8.3%. Minuses: home values 23% higher than the state median; an average commute of 36 minutes.
What is the median age in Edgewood?
The median age in Edgewood is 36.4 years (New Mexico: 39.4).
How long is the commute in Edgewood?
The average commute to work in Edgewood is 36 minutes; 14.5% of workers work from home.
What is the unemployment rate in Edgewood?
The unemployment rate in Edgewood is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Edgewood?
35% of adults in Edgewood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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