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 Washington, 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 137, with 100 being the average.
The cost of living index in Edgewood is 1.4x higher than the national average.
Edgewood ranks as the #144 cheapest in Washington out of 192.
Edgewood ranks as the #5,488 cheapest out of 6,412 in the US.
The median home value in Edgewood is $484,700.
The median income in Edgewood is $108,492.
According to the most recent data on the cost of living, Edgewood has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.
Compared to Washington, Edgewood has a cost of living index that's 1.2x higher than Washington's index of 115.
The standard of living in Edgewood ranks as #144 most affordable out of the 192 places we measured in Washington. By definition, that implies Edgewood ranks as the #48 most expensive place in the Evergreen State.
For more reading on life in Edgewood, check out:
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 129.
The Groceries index in Edgewood is 129.
The Health index in Edgewood is 127.
The Housing index in Edgewood is 157.
The Transportation index in Edgewood is 143.
The Utilities index in Edgewood is 110.
|Living Expense||Edgewood||Washington||National Average|
Housing swings affordability the most between places in Washington, 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 $484,700.
The Median Rent in Edgewood is $1,488.
The Median Income in Edgewood is $108,492.
The Home Value To Income in Edgewood is 4.5x.
The Rent To Monthly Income in Edgewood is 0.16x.
|Median Home Value||$484,700||$397,600||$244,900|
|Home Value To Income||4.5x||4.8x||3.5x|
|Rent To Monthly Income||0.16x||0.21x||0.2x|
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:
Tacoma, WA has a cost of living index of 111, 0.8x Edgewood.
Lakewood, WA has a cost of living index of 115, 0.8x Edgewood.
Puyallup, WA has a cost of living index of 120, 0.9x Edgewood.
|City||Population||Cost Of Living||Vs. Edgewood|
|Lakeland South, WA||12,696||132||1.0x|
|Gig Harbor, WA||11,505||141||1.0x|
|Summit View, WA||8,593||117||0.9x|