Eldorado, MD Cost of Living


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Eldorado cost of living score
81.4
Less expensive
18.6% lower
than the US average
27.2% lower
than the Maryland average
Eldorado, Maryland gets a BestPlaces Cost of Living score of 81.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 18.6% lower than the U.S. average and 27.2% lower than the average for Maryland.

Eldorado, MD

Housing costs in Eldorado?
A typical home costs $150,600, which is 55.5% less expensive than the national average of $338,100 and 61.2% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Eldorado costs $980 per month, which is 31.5% cheaper than the national average of $1,430 and 65.3% cheaper than the state average of $1,620.

Can I afford Eldorado?
To live comfortably in Eldorado, Maryland, a minimum annual income of $28,800 for a family, and $31,200 for a single person is recommended.

What does A.I. say about Eldorado?
The cost of living in Eldorado, MD is slightly higher than the national average. The median home value is $168,000 which is a bit higher than the national median home value of $175,700. Renters can expect to pay an average price of $1,245 per month for a one-bedroom apartment and $1,570 for a two-bedroom unit. Groceries and other necessary items are also higher than the national average but not drastically so. All in all, Eldorado offers residents a relatively affordable place to live with plenty of amenities and opportunities within close reach.
   Cost of living score
     CategoriesEldoradoMarylandUnited States
  81.4111.8100.0
  98.3105.2100
  85.384.2100.0
  39.8124.1100.0
  $150,600$388,100$338,100
  108.2%105.6%100.0%
  80.1119.3100.0
  83.7112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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