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Edgewood
Edgewood
New Mexico
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Edgewood is a town in Santa Fe County, New Mexico, United States. Through annexations, its town boundaries now extend into Bernalillo and Torrance counties. It is part of the Santa Fe Metropolitan Statistical Area. Although in Santa Fe County, Edgewood is geographically closer to Albuquerque and in recent years has become a popular bedroom community for commuters. The town's population grew 97% between 2000 and 2010, from 1,893 to 3,735. Edgewood boasts a median household income of over $50,000 per year, a high number compared to the state averages.

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Taxes

D+

How did New Mexico earn the grade of D+? We examined the state taxes based on how age friendly they are. New Mexico has a state sales tax of 5.13%. Of particular interest is that New Mexico does have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. New Mexico has an effective property tax rate of 0.76%. Weighing these taxes and other taxes most likely to impact the aging population is how New Mexico earned its state tax grade of D+.

Learn more about taxes in New Mexico

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