Housing costs in Gaithersburg?
A typical home costs
$471,400, which is 39.4% more expensive than the national average of
$338,100 and 21.5% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Gaithersburg costs
$1,920 per month, which is 34.3% more than the national average of
$1,430 and 15.6% more than the state average of
$1,620.
Can I afford Gaithersburg?
To live comfortably in Gaithersburg, Maryland, a minimum annual income of
$90,360 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Gaithersburg?
Gaithersburg, Maryland has a cost of living index rating considerably higher than that if the nation at 115 due mostly to its extremely high housing costs making up 48%, transportation at 11%, groceries (12%), utilities (7%) and healthcare making up 9%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even above average providing citizens with an overall considerable cost of living compared with almost everywhere else in America whilst having access similar amenities found citywide from whatever municipality they call home.