Edgewater, MD Cost Of Living
Cost Of Living In Edgewater, MD Summary
Cost of living in Edgewater research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Edgewater is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Edgewater is 133, with 100 being the average.
The cost of living index in Edgewater is 1.3x higher than the national average.
Edgewater ranks as the #139 cheapest in Maryland out of 188.
Edgewater ranks as the #5,359 cheapest out of 6,412 in the US.
The median home value in Edgewater is $348,000.
The median income in Edgewater is $100,606.
Table Of Contents
Edgewater's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Edgewater, MD?
According to the most recent data on the cost of living, Edgewater has an overall cost of living index of 133, which is 1.3x higher than the national index of 100.
Compared to Maryland, Edgewater has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Edgewater ranks as #139 most affordable out of the 188 places we measured in Maryland. By definition, that implies Edgewater ranks as the #49 most expensive place in the Old Line State.
For more reading on life in Edgewater, check out:
- Living In Edgewater
- Search Homes For Sale In Edgewater, MD
In Maryland
In America
Edgewater Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Edgewater. Here is how it fairs on each of the criteria:
The Services index in Edgewater is 106.
The Groceries index in Edgewater is 112.
The Health index in Edgewater is 83.
The Housing index in Edgewater is 198.
The Transportation index in Edgewater is 99.
The Utilities index in Edgewater is 107.
| Living Expense | Edgewater | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 133 | 120 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 112 | 108 | 100 | |
| Health | 83 | 92 | 100 | |
| Housing | 198 | 156 | 100 | |
| Transportation | 99 | 100 | 100 | |
| Utilities | 107 | 108 | 100 | |
Edgewater, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Edgewater is $348,000.
The Median Rent in Edgewater is $1,829.
The Median Income in Edgewater is $100,606.
The Home Value To Income in Edgewater is 3.5x.
The Rent To Monthly Income in Edgewater is 0.22x.
| Statistic | Edgewater | Maryland | United States |
|---|---|---|---|
| Median Home Value | $348,000 | $338,500 | $244,900 |
| Median Rent | $1,829 | $1,485 | $1,163 |
| Median Income | $100,606 | $91,431 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Edgewater, MD Costs By Category
Detailed Edgewater Services Costs Vs. Maryland
Detailed Edgewater Groceries Costs Vs. Maryland
Detailed Edgewater Health Costs Vs. Maryland
Detailed Edgewater Transportation Costs Vs. Maryland
Detailed Edgewater Utilities Costs Vs. Maryland
Edgewater SnackAbility
/10
Cost Of Living In Cities Around Edgewater
The cost of living varies in the cities and towns around Edgewater. Here's a quick look at the cost of living in the most populous nearby places:
Bowie, MD has a cost of living index of 134, 1.0x Edgewater.
Annapolis, MD has a cost of living index of 129, 1.0x Edgewater.
Severna Park, MD has a cost of living index of 146, 1.1x Edgewater.
| City | Population | Cost Of Living | Vs. Edgewater |
|---|---|---|---|
| Bowie, MD | 58,113 | 134 | 1.0x |
| Annapolis, MD | 40,581 | 129 | 1.0x |
| Severna Park, MD | 39,108 | 146 | 1.1x |
| Pasadena, MD | 31,583 | 122 | 0.9x |
| Crofton, MD | 29,812 | 140 | 1.1x |
| Arnold, MD | 25,056 | 134 | 1.0x |
| Lake Shore, MD | 19,388 | 127 | 1.0x |
| Parole, MD | 18,488 | 137 | 1.0x |
| Annapolis Neck, MD | 13,059 | 153 | 1.2x |
| Mitchellville, MD | 12,160 | 138 | 1.0x |
