Cost Of Living in Edgemere, MD

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Edgemere	Maryland	National
Cost of living	119	119	100
Goods & Services	103	106	100
Groceries	105	106	100
Health care	98	97	100
Housing	154	150	100
Transportation	101	98	100
Utilities	111	111	100

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Cost Of Living Quick Facts

The cost of living in Edgemere is equal to the Maryland average
The cost of living in Edgemere is 19% higher than the national average
Edgemere housing is 54% higher than the national average
Maryland general sales tax is 18% higher than the national average
Maryland state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$100,938	$8,412	$2,355	$3,028
Renters	$49,500	$4,125	$1,155	$1,485

The affordability of the housing market in Edgemere, MD as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Edgemere homeowners, the median income is $100,938. This indicates that a monthly maximum of $2,355 should be spent by homeowners on all housing related costs. Renters have a median income of $49,500. This indicates that renters would have a maximum of $1,155 for their rent related monthly costs.

Maryland Sales Tax

State	General Sales Tax	With Max Surtax
Maryland	6%	6%

Maryland Income Tax

State	Income Tax (Low)	Income Tax (High)
Maryland	2%	5.75%

Goods & Services

Item	Edgemere	National avg.	Difference
Haircut	$28.33	$24.26	16.8%
Beauty Salon	$58.17	$45.56	27.7%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.44	$1.28	12.7%
Movie	$13.69	$12.13	12.9%
Bowling	$23.03	$18.00	27.9%

Groceries

Item	Edgemere	National avg.	Difference
Ground Beef	$6.23	$5.84	6.7%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.73	$4.67	1.2%
Potatoes	$5.46	$4.93	10.7%
Pizza	$13.24	$12.09	9.5%
Beer	$10.36	$10.41	0.5%

Health Care

Item	Edgemere	National avg.	Difference
Optometrist	$114.22	$125.68	9.1%
Doctor	$133.22	$135.78	1.9%
Dentist	$117.22	$113.29	3.5%
Ibuprofen	$11.10	$10.65	4.2%
Lipitor	$401.39	$468.60	14.3%

Housing

Item	Edgemere	National avg.	Difference
Home Price	$295,600.00	$184,700.00	60.0%
Avg. Mortgage Payment	$1,906.29	$2,346.69	18.8%
Apartment Rent	$1,316.00	$949.00	38.7%

Transportation

Item	Edgemere	National avg.	Difference
Gasoline	$3.46	$3.46	0.1%
Tire Balancing	$62.66	$59.92	4.6%

Utilities

Item	Edgemere	National avg.	Difference
All Electricity	$223.91	$193.99	15.4%
Phone	$199.62	$192.25	3.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Georgetown, MD	23	104	3.9%
Edesville, MD	163	104	3.9%
Dundalk, MD	63,826	102	1.7%
Baltimore, MD	602,274	102	2.1%
Lansdowne, MD	8,635	102	2.4%
Edgemere, MD	8,652	119	18.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
South Bruce Peninsula, ON	8,652	n/a
Wellington, CO	8,651	128	27.9%
Des Peres, MO	8,654	137	36.8%
Wharton, TX	8,654	87	12.9%
Plymouth, WI	8,654	94	6.1%
Edgemere, MD	8,652	119	18.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Edgemere, MD