salaryRent is lower than in 80% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (92.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $45,160 a year. That is $22 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
Yes. Rent here is cheaper than in most of Kentucky. It is number 38 of 87 cities from cheapest to most expensive.
How much do households earn in Edgewood?
Share of households by yearly income. 47.8% of households earn $100,000 or more.
Rent by apartment size in Edgewood
| Size | Edgewood | U.S. average |
|---|---|---|
| 1 bedroom | $1,184 | $1,324 |
| 3 bedrooms | $2,169 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Edgewood overall?
Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Edgewood, so the Kentucky figure is shown.
Taxes and bills in Edgewood
Life in Edgewood
Is it cheaper to rent or buy in Edgewood?
Renting is cheaper right now: about $1,037 a month less.
Owning assumes a typical $312,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $31,220 for the down payment.
Frequently asked questions
What is the average rent in Edgewood, KY?
Renting in Edgewood costs a median of about $1,129 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in Edgewood?
To keep rent under 30% of income, you need about $45,160 a year, or $22 an hour at a full-time job.
Is Edgewood cheap or expensive?
Edgewood is rated Cheap: rent takes 10.6% of the typical household income of $128,372. It ranks 38th cheapest of 87 Kentucky cities we track.
How much are property taxes in Edgewood?
The median homeowner in Edgewood pays $2,909 a year in property taxes, about 0.93% of the median home value.
Is Edgewood more expensive than the national average?
Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Edgewood?
The median home value in Edgewood is $312,200, about 2.4 times the typical yearly household income.
8,447 people live in Edgewood. Numbers are typical (middle) values.