Housing costs in Edgemoor?
A typical home costs
$272,400, which is 19.4% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Edgemoor costs
$1,410 per month, which is 1.4% cheaper than the national average of
$1,430 and 5.7% more than the state average of
$1,330.
Can I afford Edgemoor?
To live comfortably in Edgemoor, Delaware, a minimum annual income of
$52,200 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about Edgemoor?
The cost of living in Edgemoor, DE is relatively high compared to other areas of the United States. The median home price in Edgemoor is $309,600, and the average monthly rent for a one bedroom apartment is approximately $1,233. Food prices are also above average with the cost of groceries and dining out both being higher than most other cities in Delaware. Utility costs are comparable to other parts of the state, however electricity bills can be higher due to usage in the summer months. Overall, although Edgemoor may be slightly more costly than some other cities within Delaware, it remains an affordable place to live for many families.