How much rent can you afford in Edgewood, WA?
Run your salary against Edgewood's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Edgewood
At a median rent of $2,106/mo, Edgewood is very affordable when measured against Edgewood median household income of $116,132/yr. Rent would consume roughly 22% of pre-tax income, and a salary of about $84,240 keeps rent at the recommended 30% threshold.
How Edgewood compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Edgewood?
On a $116,132 salary (the Edgewood median household income), the recommended ceiling is 30% of pre-tax income, or about $2,903/mo. Edgewood's median rent is $2,106/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Edgewood?
To keep Edgewood's $2,106/mo median rent under 30% of income, you'd need about $84,240/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Edgewood affordable on the median Washington income?
Edgewood is very affordable on a $116,132 income. Rent would take 22% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".