Edgewood, NM vs Los Lunas, NM

Edgewood, NM and Los Lunas, NM have a very similar cost of living, with only a 3.2% difference in their overall index. Edgewood scores 84 while Los Lunas scores 87 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 $1,157/month in Los Lunas — a 19% difference. Interestingly, home values tell a different story: while Edgewood has cheaper rent, Los Lunas actually has lower median home values ($232,700 vs $278,100).

Median household income in Edgewood is $81,227 compared to $63,696 in Los Lunas (+27.5%). 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 21.8% in Los Lunas.