Housing costs in Germantown?
A typical home costs
$382,000, which is 13.0% more expensive than the national average of
$338,100 and 1.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Germantown costs
$1,920 per month, which is 18.5% more than the national average of
$1,620 and 5.2% more than the state average of
$1,820.
Can I afford Germantown?
To live comfortably in Germantown (zip 20874), Maryland, a minimum annual income of
$73,080 for a family, and
$67,600 for a single person is recommended.
What does A.I. say about Germantown?
The cost of living in 20874 Germantown, MD is relatively high compared to other cities. The median home price is $405,000, and the median gross rent is $1,829. Utility costs are also higher than in some other areas of the country. The prices for food and grocery items are similar to those found in larger cities. In addition, transportation costs can be high when relying solely on public transportation or ridesharing services. However, with a variety of options, people can find affordable alternatives such as biking or walking if they choose to do so. All in all, 20874 Germantown has higher than average costs when it comes to housing and other goods and services; however, these prices largely reflect the overall quality of life available in this community.