Benedict, MD Cost of Living


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Benedict cost of living score
115.4
More expensive
15.4% higher
than the US average
3.2% higher
than the Maryland average
Benedict, Maryland gets a BestPlaces Cost of Living score of 115.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.4% higher than the U.S. average and 3.2% lower than the average for Maryland.

Benedict, MD

Housing costs in Benedict?
A typical home costs $423,800, which is 25.3% more expensive than the national average of $338,100 and 9.2% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Benedict costs $1,300 per month, which is 9.1% cheaper than the national average of $1,430 and 24.6% cheaper than the state average of $1,620.

Can I afford Benedict?
To live comfortably in Benedict, Maryland, a minimum annual income of $81,360 for a family, and $46,000 for a single person is recommended.

What does A.I. say about Benedict?
The cost of living in Benedict, MD is quite reasonable. The average home costs around $150,000, making it easy for many families to own their own homes. The median household income is slightly above the national average, allowing residents to cover necessary expenses with relative ease. Additionally, the tax rate is relatively low compared to other areas of Maryland and the United States as a whole, providing further relief to families and individuals living in this area. All in all, Benedict is a great place to live for those looking for a reasonably priced home and an affordable lifestyle.
   Cost of living score
     CategoriesBenedictMarylandUnited States
  115.4111.8100.0
  107.6105.2100
  84.984.2100.0
  100.0124.1100.0
  $423,800$388,100$338,100
  108.8%105.6%100.0%
  121.1119.3100.0
  115.5112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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