Edgewood, MD is a great residential area for those looking for convenience. The average two bedroom rent in Edgewood is $1,510 compared to the US average of $1,430. This gives Edgewood residents a little more spending money than most. Grocery costs are also about the same as they are in the US with an index of 100. Many local companies call Edgewood home including Northrop Grumman Electronic Systems, Harford County Public Schools, and Upper Chesapeake Medical Center. With its reasonable housing costs and large local employer base Edgewood is a great place to live or visit for work or play.
Edgewood has an unemployment rate of 5.0%. The US average is 6.0%.
Edgewood has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Edgewood
- The Sales Tax Rate for Edgewood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Edgewood is 7.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Edgewood
- The average income of a Edgewood resident is $24,341 a year. The US average is $28,555 a year.
- The Median household income of a Edgewood resident is $71,755 a year. The US average is $69,021 a year.