Moving to Edgewood, Maryland
Are you considering moving to Edgewood, Maryland? Located in Harford County, Edgewood is a peaceful, suburban community just 25 miles northeast of Baltimore. It offers a mix of small-town charm, convenience, and affordability. Whether you want access to local parks, excellent commuting options, or a family-friendly neighborhood, Edgewood has something for everyone. This guide will take you through the cost of living in this wonderful city.
How Much Does Housing Cost in Edgewood, Maryland?
The average home price in Edgewood is around $250,000. This makes it a relatively affordable place to buy compared to many other parts of Maryland. Home prices vary by neighborhood, though. In more established areas with larger homes, prices can climb closer to $300,000. Meanwhile, smaller homes or townhomes could cost less than $200,000.
Real estate trends in Edgewood show steady growth in home value, but the area remains budget-friendly for buyers. To learn more about housing values, visit the Maryland Realtors website.
How Much Does It Cost to Rent in Edgewood, Maryland?
If buying isn’t for you, renting is another option in Edgewood. The average rent for a one-bedroom apartment is about $1,200 per month, while a two-bedroom apartment costs roughly $1,400 per month. Larger homes for rent typically range from $1,800 to $2,200 per month.
Popular rental areas include neighborhoods near Edgewood Station or close to Route 40, which are great for commuting. Over the past few years, rental prices have risen slightly due to demand, but they are still reasonable compared to nearby cities.
What Are the Utility Costs in Edgewood, Maryland?
Utility costs in Edgewood will vary depending on the size of your home or apartment. On average, monthly electricity bills are around $150, while gas can cost approximately $100 per month. Water and sewage typically range from $60 to $80, and internet services average $70 per month.
Main service providers include BGE for electricity and gas, Harford County Water for water and sewage, and Xfinity for internet. Visit these companies for more info:
- BGE: BGE
- Harford County Water: Harford County Government
- Xfinity: Xfinity
For a full list of service providers, check out the Maryland Public Service Commission.
What Are the Taxes Like in Edgewood, Maryland?
In Edgewood, property tax rates average 1.1% of a home’s assessed value, which is slightly above the national average. The state income tax in Maryland ranges from 4.75% to 5.75%, depending on your income level. Additionally, the sales tax rate is 6%, which applies to most goods and services.
For more tax details, visit the Maryland Department of Assessments and Taxation.
What Are the Transportation Costs in Edgewood, Maryland?
Public transportation options in Edgewood include bus services operated by Harford Transit LINK and the nearby MARC Train’s Edgewood Station. Bus fares are about $1 to $2 per ride, while MARC Train fares to Baltimore and beyond vary based on distance.
If you drive, gas prices in Edgewood average around $3.50 per gallon depending on market trends. Commuting times average about 30 to 40 minutes for those traveling to nearby cities. Car insurance rates in Maryland are typically close to $1,200 annually, though this can vary based on your driving record.
How Much Do Groceries and Dining Out Cost in Edgewood?
In Edgewood, you can expect to spend about $350 to $450 per month on groceries for one person. Families may spend closer to $800. Stores like Walmart, Aldi, and local markets provide plenty of affordable options.
Dining out is also affordable. A meal at a casual restaurant costs about $12 to $20, while fast food meals average around $8 to $10. For families, there are plenty of kid-friendly spots and affordable menus.
What Are the Entertainment and Leisure Costs in Edgewood, Maryland?
Staying entertained in Edgewood doesn’t have to break the bank. Monthly gym memberships at places like Planet Fitness can cost as little as $10 to $20. Fitness classes or yoga studios may cost around $15 per class.
Local events, including community festivals, are often free to the public. One notable attraction is Flying Point Park, where you can enjoy picnics, scenic views, or fishing. The area’s affordable outdoor activities make it enjoyable without high costs.
Frequently Asked Questions About the Cost of Living in Edgewood, Maryland
Is Edgewood, Maryland, an affordable place to live?
Yes, Edgewood is considered affordable. Housing, rent, and general expenses are lower compared to other cities in Maryland, making it a great choice for families and individuals alike.
What is a good salary to live in Edgewood, Maryland?
To live comfortably in Edgewood, a salary of around $60,000 to $75,000 per year is ideal. This should cover housing, utilities, groceries, and other necessities.
How does the cost of living in Edgewood, Maryland compare to other cities?
The cost of living in Edgewood is lower than cities like Bel Air or Baltimore, especially in terms of housing and rent. It’s a great choice for those looking for affordability near the city.
What is the most expensive neighborhood in Edgewood, Maryland?
The most expensive area in Edgewood is typically near Trimble Road, where homes are larger and offer more amenities.
What is the cheapest neighborhood in Edgewood, Maryland?
The most budget-friendly area is often near Hanson Road, where home prices and rentals are more affordable for first-time buyers or renters looking to save.
