Edgewood, MD Cost Of Living
Cost Of Living In Edgewood, MD Summary
Cost of living in Edgewood 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 Edgewood 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 Edgewood is 103, with 100 being the average.
The cost of living index in Edgewood is 1.0x higher than the national average.
Edgewood ranks as the #14 cheapest in Maryland out of 188.
Edgewood ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Edgewood is $187,300.
The median income in Edgewood is $71,755.
Table Of Contents
Edgewood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Edgewood, MD?
According to the most recent data on the cost of living, Edgewood has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Maryland, Edgewood has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Edgewood ranks as #14 most affordable out of the 188 places we measured in Maryland. By definition, that implies Edgewood ranks as the #174 most expensive place in the Old Line State.
For more reading on life in Edgewood, check out:
- Living In Edgewood
- Search Homes For Sale In Edgewood, MD
In Maryland
In America
Edgewood Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Edgewood. Here is how it fairs on each of the criteria:
The Services index in Edgewood is 106.
The Groceries index in Edgewood is 112.
The Health index in Edgewood is 84.
The Housing index in Edgewood is 97.
The Transportation index in Edgewood is 102.
The Utilities index in Edgewood is 103.
| Living Expense | Edgewood | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 103 | 120 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 112 | 108 | 100 | |
| Health | 84 | 92 | 100 | |
| Housing | 97 | 156 | 100 | |
| Transportation | 102 | 100 | 100 | |
| Utilities | 103 | 108 | 100 | |
Edgewood, 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 Edgewood is $187,300.
The Median Rent in Edgewood is $1,260.
The Median Income in Edgewood is $71,755.
The Home Value To Income in Edgewood is 2.6x.
The Rent To Monthly Income in Edgewood is 0.21x.
| Statistic | Edgewood | Maryland | United States |
|---|---|---|---|
| Median Home Value | $187,300 | $338,500 | $244,900 |
| Median Rent | $1,260 | $1,485 | $1,163 |
| Median Income | $71,755 | $91,431 | $69,021 |
| Home Value To Income | 2.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Edgewood, MD Costs By Category
Detailed Edgewood Services Costs Vs. Maryland
Detailed Edgewood Groceries Costs Vs. Maryland
Detailed Edgewood Health Costs Vs. Maryland
Detailed Edgewood Transportation Costs Vs. Maryland
Detailed Edgewood Utilities Costs Vs. Maryland
Edgewood SnackAbility
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Cost Of Living In Cities Around Edgewood
The cost of living varies in the cities and towns around Edgewood. Here's a quick look at the cost of living in the most populous nearby places:
Bel Air South, MD has a cost of living index of 115, 1.1x Edgewood.
Bel Air North, MD has a cost of living index of 124, 1.2x Edgewood.
Perry Hall, MD has a cost of living index of 114, 1.1x Edgewood.
| City | Population | Cost Of Living | Vs. Edgewood |
|---|---|---|---|
| Bel Air South, MD | 56,928 | 115 | 1.1x |
| Bel Air North, MD | 30,969 | 124 | 1.2x |
| Perry Hall, MD | 29,165 | 114 | 1.1x |
| Joppatowne, MD | 12,992 | 114 | 1.1x |
| Mays Chapel, MD | 12,428 | 130 | 1.3x |
| Timonium, MD | 11,136 | 133 | 1.3x |
| Fallston, MD | 9,696 | 128 | 1.2x |
| White Marsh, MD | 9,663 | 115 | 1.1x |
| Lutherville, MD | 6,755 | 122 | 1.2x |
| Bowleys Quarters, MD | 6,447 | 113 | 1.1x |
