Housing costs in Elkridge?
A typical home costs
$435,300, which is 28.7% more expensive than the national average of
$338,100 and 12.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Elkridge costs
$2,110 per month, which is 47.6% more than the national average of
$1,430 and 23.2% more than the state average of
$1,620.
Can I afford Elkridge?
To live comfortably in Elkridge, Maryland, a minimum annual income of
$83,520 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Elkridge?
The cost of living in Elkridge, MD is generally considered to be relatively high compared to the national average. The median home price in Elkridge is around $335,000 while the median rent is approximately $1,700 per month. Groceries and other necessities are also more expensive than the national average. However, despite these higher prices, many who move to Elkridge find that it's worth it for the area's excellent schools, convenient access to Baltimore and Washington DC and its many beautiful parks and trails.