Edgewater, MD Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
133
Edgewater's Overall Cost Of Living
1.3x
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:

139 out of 188
In Maryland
5,359 out of 6,412
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
For more reading on cost of living around Maryland, check out:
Edgewater Cost of Living Vs. MD

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
Search Homes For Sale In Edgewater, MD
$348,000
Median Home Value
$1,829
Median Rent
$100,606
Median Income

Edgewater, MD Costs By Category

Detailed Edgewater Services Costs Vs. Maryland

Item Edgewater Maryland
Shampoo $1.0 $1.06
Movie $13.19 $10.68
Bowling $17.08 $14.67
Haircut $22.28 $18.62
Beauty Salon $52.83 $39.05

Detailed Edgewater Groceries Costs Vs. Maryland

Item Edgewater Maryland
Ground Beef $4.27 $4.22
Fried Chicken $1.66 $1.39
Milk $2.39 $2.05
Potatoes $4.1 $3.29
Pizza $11.99 $10.62
Beer $9.19 $9.38
Toothpaste $4.47 $2.34

Detailed Edgewater Health Costs Vs. Maryland

Item Edgewater Maryland
Optometrist $82.95 $108.57
Doctor $93.69 $116.17
Dentist $84.98 $99.13

Detailed Edgewater Transportation Costs Vs. Maryland

Item Edgewater Maryland
Gasoline $2.15 $2.22
Tire Balancing $54.77 $50.07

Detailed Edgewater Utilities Costs Vs. Maryland

Item Edgewater Maryland
All Electricity $176.72 $167.67
Phone $192.13 $175.64

Edgewater SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
5
Diversity
7
Safety
N/A
Amenities
8.5
Education
8
Commute
4

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

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