Housing costs in Arnold?
A typical home costs
$532,900, which is 57.6% more expensive than the national average of
$338,100 and 37.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Arnold costs
$2,210 per month, which is 54.5% more than the national average of
$1,430 and 26.7% more than the state average of
$1,620.
Can I afford Arnold?
To live comfortably in Arnold, Maryland, a minimum annual income of
$102,240 for a family, and
$71,600 for a single person is recommended.
What does A.I. say about Arnold?
The cost of living in Arnold, MD is reasonably affordable. The median home price is around $390,000, making it slightly more expensive than the national average. However, the median household income in Arnold is higher than the national average at about $112,000 per year. Additionally, the cost of basic goods and services in Arnold is about 8% less than the national average which helps to offset some of the higher housing prices. With relatively low taxes and a low unemployment rate, Arnold is an excellent place to live if you're looking for affordability.