Edgewater, MD, shows a higher cost of living compared to the nationwide average. The overall cost of living index in Edgewater stands at 105, which is 5% higher than the national average of 100. This increase is primarily driven by higher housing costs, which are 20% above the national average.
Transportation costs in Edgewater are slightly lower, at 95, which is 5% below the average. Other categories like groceries, utilities, healthcare, and miscellaneous expenses also show slight variations. Groceries and healthcare are 5% and 15% higher, respectively, while utilities and miscellaneous costs are 10% and equal to the national average.
Edgewater, MD, has a higher cost of living in several areas compared to the nationwide average. Housing costs in Edgewater are 20% higher than the national average, with an index of 120. This means that the price of renting or buying a home in Edgewater is significantly more than what people might expect if they compare it to the rest of the country. Groceries, another essential expense, are 5% higher, with an index of 105. This indicates that while the increase is not as steep as housing, it still adds to the overall cost of living in Edgewater.
Utilities in Edgewater, with an index of 110, are 10% above the national average. This means that expenses related to electricity, gas, and water are slightly higher than the nationwide norm. Healthcare costs are also 15% higher, with an index of 115. This suggests that medical expenses, including insurance and services, are more costly in Edgewater. Transportation costs, however, are 5% lower, with an index of 95, offering some relief to residents. Miscellaneous costs in Edgewater match the national average, with an index of 100, indicating no significant difference in other everyday expenses.
