Cost Of Living in Edgewater, 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	Edgewater	Maryland	National
Cost of living	128	119	100
Goods & Services	103	106	100
Groceries	105	106	100
Health care	98	97	100
Housing	184	150	100
Transportation	101	98	100
Utilities	111	111	100

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Cost Of Living Quick Facts

The cost of living in Edgewater is 8% higher than the Maryland average
The cost of living in Edgewater is 28% higher than the national average
Edgewater housing is 84% 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	$96,768	$8,064	$2,258	$2,903
Renters	$48,229	$4,019	$1,125	$1,447

To approximate the cost of living and the housing affordability in Edgewater, MD, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Edgewater have a median income of $96,768. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,258 per month to avoid calamity and poverty. The renters in the city have an income of about $48,229, which would make their monthly maximum allowable rental costs $1,125.

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	Edgewater	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	Edgewater	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	Edgewater	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	Edgewater	National avg.	Difference
Home Price	$342,200.00	$184,700.00	85.3%
Avg. Mortgage Payment	$1,906.29	$2,346.69	18.8%
Apartment Rent	$1,730.00	$949.00	82.3%

Transportation

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

Utilities

Item	Edgewater	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.
Glen Burnie, MD	69,649	115	15.3%
Upper Marlboro, MD	586	122	22.4%
Largo, MD	11,633	126	25.9%
Marlboro Village, MD	9,505	126	26.3%
Marlboro Meadows, MD	3,705	129	28.8%
Edgewater, MD	8,850	128	28.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hooper, UT	8,850	119	18.7%
Ashland, NJ	8,853	118	17.5%
Skidaway Island, GA	8,846	144	44.2%
Glenwood, IL	8,846	103	2.7%
Cloverdale, CA	8,854	156	55.9%
Edgewater, MD	8,850	128	28.0%

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 Edgewater, MD