Sykesville, MD Cost of Living


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Sykesville cost of living score
113
More expensive
13.0% higher
than the US average
1.1% higher
than the Maryland average
Sykesville, Maryland gets a BestPlaces Cost of Living score of 113, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.0% higher than the U.S. average and 1.1% lower than the average for Maryland.

Sykesville, MD

Housing costs in Sykesville?
A typical home costs $504,800, which is 49.3% more expensive than the national average of $338,100 and 30.1% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Sykesville costs $1,460 per month, which is 2.1% more than the national average of $1,430 and 11.0% cheaper than the state average of $1,620.

Can I afford Sykesville?
To live comfortably in Sykesville, Maryland, a minimum annual income of $96,840 for a family, and $47,600 for a single person is recommended.

What does A.I. say about Sykesville?
The cost of living in Sykesville, MD is fairly reasonable compared to other areas of the state. The average house price hovers around $250,000 and rental prices are relatively low in comparison to other places in Maryland. Additionally, the taxes imposed on residents are lower than the national average, which makes it a great place for families seeking to save money. Groceries and transportation costs are also moderate, making it a great option for those looking for an affordable city with plenty of amenities.
   Cost of living score
     CategoriesSykesvilleMarylandUnited States
  113.0111.8100.0
  104.8105.2100
  84.184.2100.0
  155.2124.1100.0
  $504,800$388,100$338,100
  107.1%105.6%100.0%
  104.3119.3100.0
  120.3112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Sykesville
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Over 18 years ago

A nice place to live except Maryland is heavy handed on Taxes and does not provide enough incentives for retirees to  More

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