Edgewood, NM vs Milan, NM

The cost of living difference between Edgewood, NM and Milan, NM is dramatic. Milan is 33.2% cheaper than Edgewood, a gap that translates to thousands of dollars per year in household expenses. Edgewood has a cost index of 84 while Milan sits at 63, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Edgewood is $938/month compared to $828/month in Milan — a 13% difference. Home values follow the same pattern: Milan is more affordable at $71,300 median vs $278,100.

Median household income in Edgewood is $81,227 compared to $37,551 in Milan (+116.3%). 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 26.5% in Milan.