Edgewood, NM vs Lovington, NM

Lovington is moderately more affordable than Edgewood, with a 8.2% lower cost of living index. Edgewood scores 84 compared to 78 for Lovington, where the US average is 100. This difference means residents of Edgewood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Edgewood is $938/month compared to $1,063/month in Lovington — a 12% difference. Interestingly, home values tell a different story: while Edgewood has cheaper rent, Lovington actually has lower median home values ($162,900 vs $278,100).

Median household income in Edgewood is $81,227 compared to $67,284 in Lovington (+20.7%). 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 Edgewood spend roughly 13.9% of their income on rent, less than the 19% in Lovington.