Housing costs in Chesapeake Beach?
A typical home costs
$409,100, which is 21.0% more expensive than the national average of
$338,100 and 5.4% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Chesapeake Beach costs
$1,720 per month, which is 20.3% more than the national average of
$1,430 and 5.8% more than the state average of
$1,620.
Can I afford Chesapeake Beach?
To live comfortably in Chesapeake Beach, Maryland, a minimum annual income of
$78,480 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Chesapeake Beach?
The cost of living in Chesapeake Beach, MD is slightly higher than the national average, but still very reasonable. The median home price is around $270,000, which is about 10% more than the national average. Rent for a one-bedroom apartment averages around $1,100 per month. Groceries and healthcare costs are slightly above average as well, but overall the city offers a relatively low cost of living compared to other areas in the region. Additionally, Chesapeake Beach offers residents access to a variety of activities and amenities such as beaches, parks, shopping centers, and more that makes it an attractive place to live.