Housing costs in Arbutus?
A typical home costs
$296,600, which is 12.3% less expensive than the national average of
$338,100 and 23.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Arbutus costs
$1,320 per month, which is 7.7% cheaper than the national average of
$1,430 and 22.7% cheaper than the state average of
$1,620.
Can I afford Arbutus?
To live comfortably in Arbutus, Maryland, a minimum annual income of
$56,880 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Arbutus?
The cost of living in Arbutus, Maryland is fairly high compared to the rest of the United States, but not as high as some of its surrounding areas. Home prices in Arbutus are significantly higher than the national average and rental rates have also seen an increase in recent years. Grocery costs are slightly above the national average, and transportation costs are about average for a city its size. However, there are plenty of local businesses that offer affordable options for everyday necessities such as food, clothing, and home goods. Despite the higher cost of living in Arbutus, it remains an attractive destination for many due to its close proximity to Baltimore City and its vibrant community of locals who take great pride in their town.