Cost of Living in Edith Enclave, NM

With a cost of living index of 90, Edith Enclave, NM is a very affordable place to live. Living here is 10% cheaper than the national average and 3% above the New Mexico state average of 86. Edith Enclave is a small community of 203 residents.

Housing costs are the biggest factor in Edith Enclave's cost of living. The median monthly rent is $1,125 (15% below the US median of $1,319), and the median home value sits at $282,700 (7% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Edith Enclave is $95,000, which is 26% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.