Salary & Cost of Living in Edgewater, FL
Edgewater, FL: $46,626 median salary, cost of living index 96.8, $13.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,626
$22/hr
Cost of Living
96.8
US avg = 100
Minimum Wage
$13.00
per hour
Unemployment
2.7%
rate
Edgewater, FL Overview
Population
27,860
Median Salary
$46,626
Average Salary
$52,221
Avg Commute
17 min
Median Home Price
$362,000
Median Rent
$1,462/mo
Job Growth
+2.3%
Sales Tax
6%
Edgewater is located in Florida with a population of 27,860. The median household salary is $46,626 per year ($22/hour), which is $12,758 below the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2.3%.
Edgewater Salary by Experience Level (2026)
Wage distribution in Edgewater, FL based on BLS percentile breakdown of the $46,626 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $28,908 | $13.90/hr | 0–2 years |
| Mid-Level (Median) | $46,626 | $22.42/hr | 3–7 years |
| Senior-Level | $66,209 | $31.84/hr | 8–15 years |
| Top 10% (90th Percentile) | $82,994 | $39.91/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Edgewater Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Edgewater, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$39,502
$3,291.87/month · $1,519.33/biweekly · Effective Rate: 15.3%
Gross Pay
$46,626
Federal Tax
-$3,557
State Tax
$0
Local Tax
$0
FICA
-$3,567
Net Pay
$39,502
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,885.50 | $46,626.00 |
| Federal Income Tax | -$296.39 | -$3,556.62 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$240.90 | -$2,890.81 |
| Medicare (1.45%) | -$56.34 | -$676.08 |
| Net Take-Home Pay | $3,291.87 | $39,502.49 |
Salary Comparison: Edgewater vs Other Cities
See how Edgewater's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Edgewater, FL | $46,626 | 96.8 | $48,167 |
| National Average | $59,384 | 100 | $59,384 |
| Lawrence, IN | $46,661 | 79.9 | $58,399 |
| Glendale Heights, IL | $46,551 | 85.6 | $54,382 |
| Weatherford, TX | $46,550 | 85.4 | $54,508 |
| Madison Heights, MI | $46,545 | 80 | $58,181 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Edgewater
Edgewater's cost of living index is 96.8 (national average = 100). Living in Edgewater is 3.200000000000003% less expensive than the national average.
Median Home Price
$362,000
Median Monthly Rent
$1,462
Annual Rent Cost
$17,544
Your Salary's Purchasing Power
Your $39,502 annual take-home pay in Edgewater has the purchasing power of approximately $40,808 in an average-cost US area. Your $46,626 salary stretches further here than in most US cities.
Top Industries in Edgewater
Edgewater's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,626.
Salary Tips for Edgewater Workers
- No state income tax advantage. Florida has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Edgewater's top industries include Tourism, Agriculture, Aerospace. Targeting roles in these sectors can help you earn above the $46,626 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Edgewater salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Edgewater-FL metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Edgewater indexed at 96.8.
- Median salary calculation: weighted average of Edgewater's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $46,626 annual median.
- Tax burden reflects Florida state income tax (0%) (no local income tax), sales tax (6%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Edgewater: 2.7%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Tourism, Agriculture, Aerospace — based on QCEW employment concentration data.
- Job growth: 2.3% projected through 2034, derived from BLS Employment Projections program for Florida.
- Housing context: median home price $362,000, median rent $1,462/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Edgewater, FL:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Edgewater unemployment rate
- U.S. Census Bureau — Edgewater QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Florida — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Edgewater's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Florida labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Edgewater, FL?
The median salary in Edgewater, FL is $46,626 per year, or $22 per hour. The average salary is $52,221. This is $12,758 below the national median of $59,384.
What is the cost of living in Edgewater, FL?
Edgewater's cost of living index is 96.8 (national average = 100), meaning it is 3.200000000000003% less expensive compared to the national average. The median home price is $362,000 and the median monthly rent is $1,462.
What are the best industries in Edgewater?
The top industries in Edgewater, FL include Tourism, Agriculture, Aerospace. The city has a job growth rate of 2.3% and an unemployment rate of 2.7%. Workers in these industries often earn above the city's median salary of $46,626.
How does Edgewater's salary compare to other cities?
Edgewater's median salary of $46,626 is 21.5% below the national median of $59,384. However, when adjusted for cost of living (index: 96.8), the real purchasing power is approximately $48,167.
What is the minimum wage in Edgewater, FL?
The minimum wage in Edgewater, FL is $13.00 per hour. This equals approximately $27,040 per year for a full-time worker (40 hours/week). This is $5.75 above the federal minimum wage of $7.25/hour.