salaryRent is lower than in 65% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 3.3 years of household income. Most homes (88.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $54,720 a year. That is $26 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
Yes. Rent here is cheaper than in most of Maryland. It is number 14 of 200 cities from cheapest to most expensive.
How much do households earn in Edgemere?
Share of households by yearly income. 43.1% of households earn $100,000 or more.
Rent by apartment size in Edgemere
| Size | Edgemere | U.S. average |
|---|---|---|
| 1 bedroom | $647 | $1,324 |
| 2 bedrooms | $1,684 | $1,509 |
| 3 bedrooms | $1,398 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Edgemere overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Edgemere, so the Maryland figure is shown.
Taxes and bills in Edgemere
Life in Edgemere
Is it cheaper to rent or buy in Edgemere?
Renting is cheaper right now: about $1,217 a month less.
Owning assumes a typical $372,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,260 for the down payment.
Frequently asked questions
What is the average rent in Edgemere, MD?
Renting in Edgemere costs a median of about $1,368 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Edgemere?
To keep rent under 30% of income, you need about $54,720 a year, or $26 an hour at a full-time job.
Is Edgemere cheap or expensive?
Edgemere is rated Cheap: rent takes 14.8% of the typical household income of $111,263. It ranks 14th cheapest of 200 Maryland cities we track.
How much are property taxes in Edgemere?
The median homeowner in Edgemere pays $3,994 a year in property taxes, about 1.07% of the median home value.
Is Edgemere more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Edgemere?
The median home value in Edgemere is $372,600, about 3.3 times the typical yearly household income.
9,061 people live in Edgemere. Numbers are typical (middle) values.