Written By Malcolm Lawson

If you’re considering moving to Edgewater, Maryland, it’s essential to understand the cost of living in this charming waterfront town. This article provides an in-depth breakdown of various expenses, such as housing, utilities, transportation, food, healthcare, taxes, education, and entertainment. By examining these costs, you’ll gain a clearer picture of what living in Edgewater will entail and how to budget accordingly.

Housing Costs

Housing is one of the most significant expenses for most people, and it’s no different in Edgewater. According to BestPlaces, the median home value in Edgewater is approximately $400,000, which is higher than the national average. However, this figure can vary depending on the neighborhood, size, and age of the property. If you’re planning to rent, the average monthly rent for a two-bedroom apartment is around $1,800. Be sure to explore different neighborhoods and compare housing costs to find the best fit for your budget and lifestyle. The U.S. Census Bureau provides more information about housing statistics in Edgewater.

Utility Costs

Utility expenses are another crucial factor to consider when moving to Edgewater. These costs include electricity, natural gas, water, sewer, and trash collection. The average monthly utility bill for a family living in Edgewater is estimated to be around $200 to $250. This figure can vary depending on factors like usage, the size of your home, and the season. Keep in mind that these costs can fluctuate, so it’s essential to budget for potential increases in utility rates. The U.S. Energy Information Administration provides more information on energy costs in Maryland.

Transportation Costs

Transportation expenses are an essential part of the cost of living, and they can vary depending on your commute, vehicle, and travel habits. The average cost of gasoline in Edgewater is slightly above the national average, and public transportation options are limited within the town. However, the Maryland Transit Administration (MTA) offers commuter bus service to nearby cities like Baltimore and Washington, D.C. If you plan to rely on a personal vehicle, be prepared to budget for fuel, insurance, maintenance, and potential tolls on local highways. The American Automobile Association (AAA) provides information on current gas prices in Maryland.

Food & Groceries

Grocery expenses can vary depending on your family size and eating habits, but the average cost of groceries in Edgewater is slightly above the national average. To save money, consider shopping at local farmers’ markets, discount grocery stores, or wholesale clubs. Dining out can also impact your food budget, with the average cost of a meal at a mid-range restaurant in Edgewater ranging from $15 to $30 per person. Numbeo offers more information about food costs in the area.

Healthcare Costs

Healthcare costs in Edgewater are generally on par with the national average. The town has access to various healthcare providers, including primary care physicians, specialists, and urgent care centers. Your healthcare expenses will depend on your insurance coverage, medical needs, and any ongoing treatments or medications. Be sure to factor in these costs when determining your overall cost of living in Edgewater. The Maryland Health Connection is a valuable resource for information on health insurance options in the state

Taxes

Taxes are another essential expense to consider when moving to Edgewater. Maryland has a progressive state income tax, with rates ranging from 2% to 5.75%, as reported by the Comptroller of Maryland. Additionally, Anne Arundel County levies a property tax on homeowners, with an average effective rate of 0.9%. The Anne Arundel County Government website provides more information on property taxes in the area. Maryland also has a 6% sales tax, which applies to most goods and services, excluding groceries and prescription drugs. The Maryland Department of Revenue offers more information on sales tax rates and exemptions.

Education & Childcare

If you have children, education and childcare costs will likely be a significant part of your budget. Public schools in Edgewater are part of the Anne Arundel County Public Schools system, which is known for its high-quality education. There are no tuition fees for public schools, but you may need to budget for extracurricular activities, school supplies, and transportation. Private school tuition varies by institution, and childcare costs can range from $800 to $1,200 per month for full-time care, depending on the facility and the age of your child. The Maryland Department of Education website provides resources for early childhood education and childcare options.

Entertainment & Leisure

Edgewater offers a variety of entertainment and leisure options, which can impact your cost of living. The town is home to numerous parks, beaches, and attractions, many of which are free or low-cost. However, if you enjoy dining out, attending events, or participating in recreational activities like boating, golfing, or fitness classes, you’ll need to budget for these expenses.

For example, a round of golf at a local course can cost between $30 and $70, depending on the time of day and the course’s prestige. Movie tickets, gym memberships, and other entertainment costs are generally comparable to the national average. Remember to factor in your preferred leisure activities when calculating your overall cost of living in Edgewater. The Edgewater Parks and Recreation website provides more information about local parks and recreational opportunities.

Conclusion

The cost of living in Edgewater, Maryland, can vary based on factors like housing, utilities, transportation, food, healthcare, taxes, education, and entertainment. By carefully considering these expenses and how they fit into your budget, you can make an informed decision about whether Edgewater is the right place for you to call home. Overall, this charming waterfront town offers an attractive balance of natural beauty, recreational opportunities, and proximity to major cities, making it a desirable location for many families and individuals.