Housing costs in Arden on the Severn?
A typical home costs
$453,300, which is 34.1% more expensive than the national average of
$338,100 and 16.8% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Arden on the Severn costs
$1,930 per month, which is 35.0% more than the national average of
$1,430 and 16.1% more than the state average of
$1,620.
Can I afford Arden on the Severn?
To live comfortably in Arden on the Severn, Maryland, a minimum annual income of
$86,760 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Arden on the Severn?
The cost of living in Arden on the Severn, MD is relatively low compared to other areas of Maryland. The median home value in Arden on the Severn is just over $270,000, which is lower than both the state and national averages. The cost of groceries and healthcare are also lower than average, while transportation costs are slightly higher due to its rural location. Utility costs are also below average due to the area's moderate climate. All in all, Arden on the Severn provides its residents with a reasonable cost of living that makes it an attractive place to settle down.