Housing costs in Edgewood?
A typical home costs
$234,000, which is 30.8% less expensive than the national average of
$338,100 and 39.7% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Edgewood costs
$1,470 per month, which is 9.3% cheaper than the national average of
$1,620 and 5.4% cheaper than the state average of
$1,550.
Can I afford Edgewood?
To live comfortably in Edgewood (zip 21040), Maryland, a minimum annual income of
$45,000 for a family, and
$47,600 for a single person is recommended.
What does A.I. say about Edgewood?
The cost of living in 21040 Edgewood, MD is relatively affordable compared to the rest of the country. The median home value is just under $242,000 which is well below the national average and offers great affordability for those looking to purchase a home. Renting in this area also remains affordable with an average rent of $1,400 per month which is slightly lower than the national average. Groceries, utilities, and transportation costs are all roughly on par with national averages making 21040 Edgewood, MD a very attractive place to live for its cost of living.