Bel Air CDP (Allegany County), MD Cost of Living


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Bel Air CDP (Allegany County) cost of living score
73.2
Less expensive
26.8% lower
than the US average
34.5% lower
than the Maryland average
Bel Air CDP (Allegany County), Maryland gets a BestPlaces Cost of Living score of 73.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.8% lower than the U.S. average and 34.5% lower than the average for Maryland.

Bel Air CDP (Allegany County), MD

Housing costs in Bel Air CDP (Allegany County)?
A typical home costs $182,300, which is 46.1% less expensive than the national average of $338,100 and 53.0% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Bel Air CDP (Allegany County) costs $860 per month, which is 39.9% cheaper than the national average of $1,430 and 88.4% cheaper than the state average of $1,620.

Can I afford Bel Air CDP (Allegany County)?
To live comfortably in Bel Air CDP (Allegany County), Maryland, a minimum annual income of $34,920 for a family, and $27,200 for a single person is recommended.

What does A.I. say about Bel Air CDP (Allegany County)?
The cost of living in Bel Air CDP, MD is slightly higher than the national average. The median home value in Bel Air CDP is $337,400, which is 37.6% higher than the national median home value of $245,000. Likewise, the median gross rent in Bel Air CDP is $1,548 per month which is 11.3% higher than the national average of $1,392 per month. Additionally, goods and services are more expensive in Bel Air CDP with a cost of living index of 111.4 compared to the US average of 100. Overall, Bel Air CDP residents pay more for housing and basic necessities but also benefit from a high quality of life due to its safe neighborhoods and excellent school systems.
   Cost of living score
     CategoriesBel Air CDP (Allegany County)MarylandUnited States
  73.2111.8100.0
  101.1105.2100
  84.284.2100.0
  46.8124.1100.0
  $182,300$388,100$338,100
  91.9%105.6%100.0%
  84.0119.3100.0
  80.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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