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EconPulse

Local economy signal dashboard

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PLACEThriving

Edgewater, MD

Thriving overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score70out of 100
Compare
91
68
28
68
100

Population

8,519

Data freshness

Unknown

GDP / Output

+7.5% YoY

91

$69.9B

Output changed +7.5% in 2024.

Vintage date unknown

State growth6.0%
U.S. growth5.3%

Jobs

Unemployment rate

68

3.9%

Unemployment is 3.9% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

-3.7% 5-year

28

8,519

Population moved -3.7% over the latest ACS window.

Vintage date unknown

State population6,206,011
U.S. population334,922,499

Housing

Rent share of income

68

23.2%

Median rent consumes 23.2% of median household income: Affordable.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$14.3K per resident

100

$8.4B

$8.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.7B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$8.4B

$14.3K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Defense$3.8B
2. Social Security Administration$2.7B
3. Department of Veterans Affairs$632.1M

Top recipients

Dollars
1. LEIDOS, INC.$478.8M
2. NORTHROP GRUMMAN SYSTEMS CORPORATION$274.9M
3. CLARK CONSTRUCTION GROUP LLC$262.4M

Affordable

Housing Affordability

23.2%

of median income

1BR estimate$1,811
2BR estimate$2,385
Median income$114,365
Median home value$454,100

ACS context

Quick Facts

Population

8,519

Median age

40.4

Bachelor's degree+

41.1%

Poverty rate

4.6%

Labor force participation

67.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.8%

GDP CAGR

+6.3%

Federal flow

5 years

Population (5 years)
20208,850
20219,075
20228,928
20238,297
20248,519
GDP (5 years)
2020$51.6B
2021$56.4B
2022$60.3B
2023$65.1B
2024$69.9B

2-year linear forecast

Predictive Outlook

Population forecast

20248,519
20258,302 *
20268,158 *

R² = 51.3% · * projected

GDP forecast

2024$69.9B
2025$74.3B *
2026$78.8B *

R² = 99.9% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$114,365/yr
Median rent$2,208/mo
Rent share of income23.2%
Est. mortgage (30yr, 6.5%)$27,554/yr
Mortgage share of income24.1%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.9%
State avg4.3%
U.S. avg5.2%
Labor force participation67.5%
Poverty rate4.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$454,100
Median monthly rent$2,208
Price-to-rent ratio17.1x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score67/100
Economic growth91/100
Labor market68/100
Population momentum28/100
Overall stability70/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Edgewater CDP, Maryland

City/Town

Part of

Baltimore-Columbia-Towson, MD

Nearby locations

Riva, MDAnnapolis Neck, MDMayo, MDAnnapolis, MDParole, MD