| Index | Edgewood | Washington | National |
| Cost of living | 138 | 119 | 100 |
| Groceries | 105 | 107 | 100 |
| Health care | 110 | 109 | 100 |
| Housing | 208 | 138 | 100 |
| Transportation | 111 | 112 | 100 |
| Utilities | 109 | 110 | 100 |
| Lifestyle & Entertainment | 109 | 112 | 100 |
| Household Items | 105 | 107 | 100 |
| Education & Childcare | 113 | 117 | 100 |
Knowing the cost of living in Edgewood allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Edgewood stands at 138, marking it 38% higher than the national average.
The cost of living in Edgewood is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Edgewood falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a major factor in the Edgewood cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 107.7% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Edgewood an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Edgewood is 132.9% higher than the national average, while the average monthly rent prices are 49.1% higher than average. The affordability of any location can also be influenced by median income levels. Edgewood has a median household income of $152,902, which is 88% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Edgewood, the transportation index is 11.3% higher than the national average.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Edgewood, the housing index is 107.7% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Edgewood, the groceries index is 5% higher than the national average.
The cost of living estimates displayed for Edgewood are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $167,000 | $13,917 | $3,896 | $5,011 |
| Renters | $107,336 | $8,945 | $2,504 | $3,220 |
| State | General Sales Tax | With Max Surtax |
| Washington | 6.5% | 10.4% |
| State | Income Tax (Low) | Income Tax (High) |
| Washington | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Fairwood CDP (Spokane County), WA | 8,331 | 113 | 13.4% |
| North Puyallup, WA | 2,029 | 111 | 11.1% |
| Midland, WA | 9,862 | 116 | 15.7% |
| Parkland, WA | 39,227 | 117 | 17.4% |
| Carbonado, WA | 698 | 117 | 17.4% |
| Edgewood, WA | 12,324 | 138 | 38.4% |
| City | Population | Cost of Living Index | National Avg. |
| Winfield, KS | 12,321 | 84 | 15.9% |
| St. Peter, MN | 12,333 | 99 | 1.0% |
| Trophy Club, TX | 12,312 | 135 | 34.5% |
| Franklin, OH | 12,311 | 88 | 11.9% |
| Terrace, BC | 12,342 | n/a | |
| Edgewood, WA | 12,324 | 138 | 38.4% |
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