Edgemont, MD Cost of Living


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Edgemont cost of living score
92.6
Less expensive
7.4% lower
than the US average
17.2% lower
than the Maryland average
Edgemont, Maryland gets a BestPlaces Cost of Living score of 92.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.4% lower than the U.S. average and 17.2% lower than the average for Maryland.

Edgemont, MD

Housing costs in Edgemont?
A typical home costs $280,300, which is 17.1% less expensive than the national average of $338,100 and 27.8% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Edgemont costs $1,110 per month, which is 22.4% cheaper than the national average of $1,430 and 45.9% cheaper than the state average of $1,620.

Can I afford Edgemont?
To live comfortably in Edgemont, Maryland, a minimum annual income of $53,640 for a family, and $34,000 for a single person is recommended.

What does A.I. say about Edgemont?
Edgemont, MD is an affordable place to live. The cost of living in the town is slightly lower than the US average. Housing prices tend to be lower than other areas in the region and the median home value is well below the national average. Renters can also easily find apartments and houses for a reasonable price. Other expenses such as groceries, utilities, transportation, and healthcare are generally cheaper than the national average as well. All in all, Edgemont is an excellent place to live that offers great value for money.
   Cost of living score
     CategoriesEdgemontMarylandUnited States
  92.6111.8100.0
  106.5105.2100
  83.684.2100.0
  79.0124.1100.0
  $280,300$388,100$338,100
  94.0%105.6%100.0%
  93.6119.3100.0
  95.5112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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