Housing costs in Cheverly?
A typical home costs
$434,900, which is 28.6% more expensive than the national average of
$338,100 and 12.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Cheverly costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and close to the state average of
$1,620.
Can I afford Cheverly?
To live comfortably in Cheverly, Maryland, a minimum annual income of
$83,160 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Cheverly?
The cost of living in Cheverly, MD is generally considered to be quite affordable. According to BestPlaces, the cost of living index in Cheverly is 84, which is 16% lower than the national average. Housing costs are particularly affordable, with median rent prices well below the national average at $1,108 per month. The cost of groceries and transportation in Cheverly is also quite low when compared to other areas of the United States. In addition, there are no state income taxes in Maryland, making it an attractive option for those looking to save money on their taxes. Overall, Cheverly is an attractive option for those looking for a comfortable place to live without breaking the bank.