Housing costs in Dames Quarter?
A typical home costs
$344,800, which is 2.0% more expensive than the national average of
$338,100 and 11.2% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Dames Quarter costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 47.3% cheaper than the state average of
$1,620.
Can I afford Dames Quarter?
To live comfortably in Dames Quarter, Maryland, a minimum annual income of
$66,240 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Dames Quarter?
The cost of living in Dames Quarter, MD is relatively low compared to other parts of the state. The median home price in this area is around $160,000, making it an attractive option for those on a budget. The overall cost of living index for Dames Quarter is 90.6, which is 10 points lower than the national average. Additionally, its unemployment rate is only 6%, making it a great place to look for work opportunities. Residents can also benefit from several tax breaks, such as the Maryland Homestead Tax Credit and the Maryland Estate Tax Credit. All these factors make Dames Quarter an ideal location to settle down in for those looking for an affordable lifestyle.