Housing costs in Severna Park?
A typical home costs
$561,400, which is 66.0% more expensive than the national average of
$338,100 and 44.7% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Severna Park costs
$2,000 per month, which is 23.5% more than the national average of
$1,620 and 22.5% more than the state average of
$1,550.
Can I afford Severna Park?
To live comfortably in Severna Park (zip 21108), Maryland, a minimum annual income of
$107,640 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Severna Park?
The cost of living in 21108 Severna Park, MD is quite high compared to other areas of the United States. The median home value in 21108 is over $637,000, nearly double the national average. Similarly, the average monthly rent is just under $2,000, a substantial expense for many people. Groceries also tend to be expensive due to the area's proximity to Baltimore and Washington D.C. Residents can expect to pay more than 20% more for basic necessities than those in other regions. Despite the higher costs, many residents are still drawn to 21108 by its excellent schools and safe neighborhoods.