Housing costs in Edgewater?
A typical home costs
$509,500, which is 50.7% more expensive than the national average of
$338,100 and 31.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Edgewater costs
$2,110 per month, which is 30.2% more than the national average of
$1,620 and 26.5% more than the state average of
$1,550.
Can I afford Edgewater?
To live comfortably in Edgewater (zip 21037), Maryland, a minimum annual income of
$97,560 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Edgewater?
The cost of living in 21037 Edgewater, MD is quite reasonable. The median home value for this area is $365,300, which is slightly lower than the surrounding communities. The median rent for a one-bedroom apartment is around $1,150 per month - slightly higher than other areas but still quite affordable. Groceries and other necessities are also reasonably priced, making it an excellent place to live on a budget. Additionally, many employers offer competitive salaries here so that residents can maintain a comfortable lifestyle without having to break the bank.