As an expert in the field of cost of living, I have seen many cities come and go on the list of most affordable places to live. But one city that has consistently stood out is Edgewater, Florida. Ranked 88th out of 273 U. S.
cities by the Department of State, Edgewater offers a cost of living that is 98.7% of the national average. But what does that really mean for those considering a move to this charming city? In this article, I will provide you with all the information you need to know about living in Edgewater, Florida.
What is Cost of Living?
Before we dive into the specifics of Edgewater's cost of living, let's first define what it actually means. Cost of living refers to the amount of money needed to sustain a certain standard of living in a particular location. This includes expenses such as housing, groceries, transportation, and healthcare.Edgewater's Cost of Living
As mentioned earlier, Edgewater's cost of living is 98.7% of the national average.This means that residents in Edgewater can expect to pay slightly less for their daily expenses compared to the rest of the country. This is great news for those looking to save some money or stretch their budget. One of the main reasons for Edgewater's affordable cost of living is its housing market. The median home price in Edgewater is $160,000, which is significantly lower than the national average of $231,200. This makes it an attractive option for those looking to buy a home or invest in real estate. In terms of other expenses, groceries and transportation costs are also lower in Edgewater compared to the national average.
This is due to the city's proximity to major cities like Orlando and Daytona Beach, where residents can find more affordable options for their daily needs.
Tips for Moving to Edgewater
If you're considering a move to Edgewater, here are some tips and advice to help make your transition smoother:- Research the job market: While Edgewater offers an affordable cost of living, it's important to also consider job opportunities in the area. The city is home to several major employers, including Boston Whaler and Bert Fish Medical Center.
- Explore the city before moving: It's always a good idea to visit a city before making a big move. This will give you a chance to get a feel for the area and see if it's a good fit for you.
- Connect with the community: Edgewater has a strong sense of community, so don't be afraid to reach out and get involved. This will not only help you make new friends, but also give you a better understanding of the city.
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