Edgewater cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexEdgewaterMarylandNational
Cost of living index133121100
IndexEdgewaterMarylandNational
Goods & Services index105108100
Groceries index116119100
Health care index8486100
Housing index198150100
Transportation index102108100
Utilities index104108100
The above illustration supplies generalized information for the Edgewater, MD cost of living index. Compared to other cities in Maryland and cities across the country, the cost of living index in Edgewater, MD is 133, which is 10% higher than the Maryland average and 33% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Edgewater, MD are 3% lower than the average for Maryland and 5% higher than the rest of the country.
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Did you know?

  • The cost of living in Edgewater is 10% higher than the Maryland average.
  • The cost of living in Edgewater is 33% higher than the national average.
  • The cost of housing in Edgewater is 98% higher than the national average.
  • Maryland general sales tax is 18% higher than the national average.
  • Maryland state income tax is 10% lower than the national average.

Compare Edgewater, MD Cost of living To Other Cities

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      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Use the salary calculator to compare your current salary in Edgewater, MD to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Edgewater, MD, then you would need to earn more income in order to maintain the same standard of living. To use the Edgewater, MD salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$96,424$8,035$2,250$2,893
      Renters$68,682$5,724$1,602$2,061
      One can approximate the cost of living and the housing affordability in Edgewater, MD by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Edgewater, MD have a median income of $96,424. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,250 per month to avoid calamity and poverty. The renters in the city have an income of about $68,682, which would make their monthly maximum allowable rental costs $1,602.

      Maryland Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Maryland6%6%

      Maryland Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Maryland2%5.75%
      For those who live in Edgewater, MD and want to know what the true cost of living is, they ought to look at both the Maryland income tax rate and the Maryland sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Maryland, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Maryland, the income tax rate ranges between 2% to 5.75%.

      Goods & Services

      ItemEdgewaterNational avg.Difference
      Haircut $21.67$17.4923.9%
      Beauty Salon $57.50$38.1750.6%
      Toothpaste $5.64$2.32143.0%
      Shampoo $0.99$1.012.2%
      Movie $13.19$10.7223.0%
      Bowling $20.00$13.8644.3%

      Groceries

      ItemEdgewaterNational avg.Difference
      Ground Beef $4.32$3.9010.8%
      Fried Chicken $1.60$1.4014.6%
      Milk $2.39$1.9621.8%
      Potatoes $4.32$3.1835.7%
      Pizza $10.99$10.395.7%
      Beer $9.19$9.230.4%

      Health Care

      ItemEdgewaterNational avg.Difference
      Optometrist $82.95$106.3422.0%
      Doctor $93.69$115.2518.7%
      Dentist $84.98$98.3813.6%
      Ibuprofen $8.99$9.262.9%
      Lipitor $370.40$466.4720.6%

      Housing

      ItemEdgewaterNational avg.Difference
      Home Price $351,500.00$184,700.0090.3%
      Avg. Mortgage Payment $1,602.22$1,273.3225.8%
      Apartment Rent $2,042.00$949.00115.2%

      Transportation

      ItemEdgewaterNational avg.Difference
      Gasoline $2.54$2.591.9%
      Tire Balancing $54.77$48.9012.0%

      Utilities

      ItemEdgewaterNational avg.Difference
      All Electricity$173.73$167.603.7%
      Phone $189.30$163.4215.8%
      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, StatePopulationCost of Living IndexNational Avg.
      Upper Marlboro, MD69411919%
      Glen Burnie, MD69,06011313%
      Largo, MD10,68912424%
      Kettering, MD12,96012626%
      Fort Meade, MD9,73011818%
      Edgewater, MD9,25013333%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Larkfield-Wikiup, CA9,25715959%
      Aliquippa, PA9,25885-15%
      Kearney, MO9,25998-2%
      Economy, PA9,24099-1%
      Groton, CT9,24011212%
      Edgewater, MD9,25013333%
      Source: The Edgewater, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.