Edgewood, NM vs La Mesilla, NM

Edgewood, NM and La Mesilla, NM have a very similar cost of living, with only a 1.7% difference in their overall index. Edgewood scores 84 while La Mesilla scores 86 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Edgewood is $938/month compared to $1,015/month in La Mesilla — a 8% difference. Interestingly, home values tell a different story: while Edgewood has cheaper rent, La Mesilla actually has lower median home values ($266,900 vs $278,100).

Median household income in Edgewood is $81,227 compared to $74,385 in La Mesilla (+9.2%). Edgewood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Edgewood spend roughly 13.9% of their income on rent, less than the 16.4% in La Mesilla.