Cost of living in Edgewood
Edgewood, located in New Mexico, offers a unique blend of rural charm and suburban convenience. Understanding the cost of living in Edgewood is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18 on average, with a range between $10 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $80, with prices ranging from $65 to $200.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $8.99 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $7, imported beer $5 to $9, cappuccino $4 to $7, and Coke/Pepsi $2.25 to $3.
Grocery Prices
- Milk - Milk is priced between $0.74 and $1.59 per liter, averaging $1.02.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2 and $4.96, with an average price of $2.7.
- Eggs (Dozen) - A dozen eggs range from $1.79 to $5, averaging $3.24.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $6.15 per kg, while oranges range from $2.2 to $7.25 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $3.09 per kg, and lettuce costs $1.1 to $2.5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $2.95, with a cost of $1.8 to $2.02 per km and $29 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $2500.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2000.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $7000.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $3500.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $130 and $274.48, averaging $211.52.
- Internet - Internet services range from $50 to $120, with an average cost of $79.08.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Edgewood offers a moderate cost of living with relatively high housing costs, especially for larger apartments.
Dining out can be affordable, with a range of options from inexpensive to upscale dining.
Transportation costs are manageable, with gasoline prices being relatively low compared to national averages.
Grocery prices are reasonable, though some items like local cheese and beef can be on the higher side.
Conclusion
In conclusion, Edgewood presents a balanced cost of living with certain areas like housing being more expensive.
Potential residents should consider their housing needs and dining preferences when planning their budget.
Overall, Edgewood offers a comfortable lifestyle with access to essential amenities and services.