Housing costs in Oakland?
A typical home costs
$260,300, which is 23.0% less expensive than the national average of
$338,100 and 32.9% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Oakland costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 97.6% cheaper than the state average of
$1,620.
Can I afford Oakland?
To live comfortably in Oakland, Maryland, a minimum annual income of
$50,040 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Oakland?
Oakland, MD has an overall cost of living that is slightly higher than average when compared to other cities in the nation. This is due to the fact that housing costs are typically higher than many other areas. The median home value in Oakland is $161,100, which is slightly higher than the US median of $184,700. Additionally, the cost of utilities and groceries tend to be a bit more expensive than some other towns. In general, living in Oakland is not excessively expensive, but it does come with a slight premium price tag.