Housing costs in Hampton?
A typical home costs
$582,000, which is 72.1% more expensive than the national average of
$338,100 and 50.0% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Hampton costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 5.2% cheaper than the state average of
$1,620.
Can I afford Hampton?
To live comfortably in Hampton, Maryland, a minimum annual income of
$111,600 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Hampton?
The cost of living in Hampton, MD is relatively affordable compared to other cities in the region. According to BestPlaces, the cost of living index in Hampton is around 87.5, which is about 10% lower than the U.S. average. This means that grocery costs, transportation costs and rent are all generally much more affordable than they would be in many other areas. Additionally, Hampton's unemployment rate is slightly below the national average at 4%, making it an attractive area for those looking to save money while still enjoying a good quality of life.