Edgewood, MD

Average · 92

Maryland · Population 25,170 · Updated March 2026

$1,435
Median Rent / Month
$86,355
Median Income
$234,700
Median Home Value
$1,445
Owner Costs / Month

Affordability

How far your income goes in Edgewood

19.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Maryland

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.07%
Property Tax Rate

Estimated Annual Costs

$17,220
Annual Rent
$4,965
State Income Tax
$2,511
Property Tax (est.)

Cost of Living Overview

Edgewood offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 92 (where 100 equals the national median), Edgewood residents can expect to pay median rent of $1,435/month while earning a median household income of $86,355/year.

The median home value in Edgewood, MD is $234,700, with typical monthly owner costs around $1,445 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Maryland has a moderate income tax rate of 5.75%. Combined with a 6.0% sales tax rate and 1.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Edgewood.

Frequently Asked Questions

Common questions about living costs in Edgewood

What is the cost of living in Edgewood, MD?
The cost of living index in Edgewood, MD is 92 (US average = 100). Median monthly rent is $1,435, median household income is $86,355/year, and the median home value is $234,700.
Is Edgewood, MD affordable?
Yes, Edgewood is more affordable than the national average with a cost index of 92. The rent-to-income ratio is 19.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Edgewood, MD?
The median gross rent in Edgewood, MD is $1,435 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,220.
What is the median household income in Edgewood?
The median household income in Edgewood, MD is $86,355 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Maryland?
Maryland has a top income tax rate of 5.75%, a sales tax of 6.0%, and an effective property tax rate of 1.07%.