Housing costs in Severna Park?
A typical home costs
$649,200, which is 92.0% more expensive than the national average of
$338,100 and 67.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Severna Park costs
$2,120 per month, which is 48.3% more than the national average of
$1,430 and 23.6% more than the state average of
$1,620.
Can I afford Severna Park?
To live comfortably in Severna Park, Maryland, a minimum annual income of
$124,560 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Severna Park?
The cost of living in Severna Park, MD is generally quite high compared to other areas. The median home price is about $379,490, which is nearly double the national average. Goods and services are also more expensive than the national average due to the higher cost of goods in Maryland. Overall, housing costs make up a large portion of the total cost of living in Severna Park, but it still offers an excellent quality of life with its access to recreation and entertainment options, as well as its proximity to major cities like Washington D.C., Baltimore, and Annapolis.