Housing costs in Fairlee?
A typical home costs
$240,900, which is 28.7% less expensive than the national average of
$338,100 and 37.9% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Fairlee costs
$1,200 per month, which is 16.1% cheaper than the national average of
$1,430 and 35.0% cheaper than the state average of
$1,620.
Can I afford Fairlee?
To live comfortably in Fairlee, Maryland, a minimum annual income of
$46,080 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Fairlee?
The cost of living in Fairlee, MD is quite affordable. According to Sperling's Best Places, the cost of living index for Fairlee is 79.9, which is 20.1% lower than the US average. This means that housing prices are more reasonable than the national average, and basic goods and services are also cheaper than in other parts of the country. The median home price in Fairlee is just over $225,000 - a great value for such a nice area! Additionally, there are no state income taxes or sales taxes in Maryland, which helps to keep costs down for residents. All in all, Fairlee provides an affordable cost of living that allows its citizens to enjoy its many amenities and attractions without breaking the bank.