Cost of Living in Edgewood, TX

With a cost of living index of 79, Edgewood, TX is a very affordable place to live. Living here is 21% cheaper than the national average and 8% below the Texas state average of 88. Edgewood is a small community of 1,869 residents.

Housing costs are the biggest factor in Edgewood's cost of living. The median monthly rent is $993 (25% below the US median of $1,319), and the median home value sits at $195,200 (36% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Edgewood is $77,778, which is 3% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.