Clayton, NM vs Edgewood, NM

There is a significant gap in the cost of living between these two cities. Clayton is 27.9% cheaper than Edgewood. With a cost index of 61 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clayton to Edgewood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clayton is $637/month compared to $938/month in Edgewood — a 32% difference. Home values follow the same pattern: Clayton is more affordable at $111,500 median vs $278,100.

Median household income in Clayton is $40,192 compared to $81,227 in Edgewood (-50.5%). While Edgewood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clayton spend roughly 19% of their income on rent, more than the 13.9% in Edgewood.