Housing costs in Hampstead?
A typical home costs
$366,700, which is 8.5% more expensive than the national average of
$338,100 and 5.5% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Hampstead costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and 27.6% cheaper than the state average of
$1,620.
Can I afford Hampstead?
To live comfortably in Hampstead, Maryland, a minimum annual income of
$70,200 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Hampstead?
The cost of living in Hampstead, MD is slightly higher than the national average. According to Sperling's Best Places, housing costs are 23% higher than the national average and utilities expenses are 4% lower. Taxes are also relatively high with the sales tax rate at 6%. Although living in Hampstead may be somewhat expensive, the quality of life that comes with it makes it well worth it. The town offers a variety of amenities such as parks, playgrounds, quality schools, restaurants, and shopping. It is also conveniently located close to larger urban areas and major highways. All these factors make Hampstead an attractive place to live for those looking for a higher standard of living.