Chesapeake Ranch Estates, MD Cost of Living


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Chesapeake Ranch Estates cost of living score
123.2
More expensive
23.2% higher
than the US average
10.2% higher
than the Maryland average
Chesapeake Ranch Estates, Maryland gets a BestPlaces Cost of Living score of 123.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.2% higher than the U.S. average and 10.2% lower than the average for Maryland.

Chesapeake Ranch Estates, MD

Housing costs in Chesapeake Ranch Estates?
A typical home costs $265,500, which is 21.5% less expensive than the national average of $338,100 and 31.6% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Chesapeake Ranch Estates costs $1,510 per month, which is 5.6% more than the national average of $1,430 and 7.3% cheaper than the state average of $1,620.

Can I afford Chesapeake Ranch Estates?
To live comfortably in Chesapeake Ranch Estates, Maryland, a minimum annual income of $50,760 for a family, and $53,200 for a single person is recommended.

What does A.I. say about Chesapeake Ranch Estates?
Chesapeake Ranch Estates, MD is an excellent place to live for those looking for an affordable housing option. The median home price in Chesapeake Ranch Estates is around $201,500, making it well below the national average. Additionally, living expenses are relatively low as well. The cost of groceries and utilities are slightly lower than the national average, while healthcare costs are a bit higher than the national average. However, overall living expenses remain manageable for many families. With its low cost of living and great amenities, Chesapeake Ranch Estates is an attractive option for individuals and families searching for an affordable place to live.
   Cost of living score
     CategoriesChesapeake Ranch EstatesMarylandUnited States
  123.2111.8100.0
  106.4105.2100
  84.784.2100.0
  86.8124.1100.0
  $265,500$388,100$338,100
  108.5%105.6%100.0%
  153.4119.3100.0
  111.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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