Funkstown, MD Cost of Living


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Funkstown cost of living score
92.6
Less expensive
7.4% lower
than the US average
17.2% lower
than the Maryland average
Funkstown, Maryland gets a BestPlaces Cost of Living score of 92.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.4% lower than the U.S. average and 17.2% lower than the average for Maryland.

Funkstown, MD

Housing costs in Funkstown?
A typical home costs $225,400, which is 33.3% less expensive than the national average of $338,100 and 41.9% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Funkstown costs $890 per month, which is 37.8% cheaper than the national average of $1,430 and 82.0% cheaper than the state average of $1,620.

Can I afford Funkstown?
To live comfortably in Funkstown, Maryland, a minimum annual income of $43,200 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Funkstown?
Funkstown, MD is an affordable place to live with a relatively low cost of living. The overall cost of living in Funkstown is 2% less than the average cost of living in the United States. Groceries, healthcare, and utilities are all reasonably priced; housing, however, can be somewhat more expensive as the area is considered a desirable location for families and professionals. Both home prices and rent tend to be higher than other parts of Maryland due to its close proximity to Washington D.C., Baltimore, and other major cities. That being said, the extra expense is well worth it for those looking to enjoy the small-town charm of Funkstown while still having access to larger metropolitan areas.
   Cost of living score
     CategoriesFunkstownMarylandUnited States
  92.6111.8100.0
  103.6105.2100
  83.684.2100.0
  63.1124.1100.0
  $225,400$388,100$338,100
  86.2%105.6%100.0%
  93.6119.3100.0
  95.1112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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