Housing costs in Federalsburg?
A typical home costs
$189,400, which is 44.0% less expensive than the national average of
$338,100 and 51.2% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Federalsburg costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 50.0% cheaper than the state average of
$1,620.
Can I afford Federalsburg?
To live comfortably in Federalsburg, Maryland, a minimum annual income of
$36,360 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Federalsburg?
The cost of living in Federalsburg, MD is reasonable. Housing prices are generally well below the national average, making it a great place for those on a budget to live. Utilities and other expenses remain fairly low compared to other cities. With an overall cost of living index of 87 (100 being the national average), Federalsburg is an affordable area with plenty of amenities and opportunities for those looking to call it home.