Fairwood, MD Cost of Living


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How much do I need to live in Fairwood, Maryland?
$10,440 / month
for a family, 93.3% more expensive than the national average A total of $125,280 for the year for a family.
$7,033 / month
for a single person, 47.5% more expensive than the national average A total of $84,400 for the year for a single person.

Fairwood cost of living score
120.8
More expensive
20.8% higher
than the US average
8.1% higher
than the Maryland average
Fairwood, Maryland gets a BestPlaces Cost of Living score of 120.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.8% higher than the U.S. average and 8.1% lower than the average for Maryland.

Fairwood, MD

Housing costs in Fairwood?
A typical home costs $654,500, which is 93.6% more expensive than the national average of $338,100 and 68.6% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Fairwood costs $2,410 per month, which is 68.5% more than the national average of $1,430 and 32.8% more than the state average of $1,620.

Can I afford Fairwood?
To live comfortably in Fairwood, Maryland, a minimum annual income of $125,280 for a family, and $84,400 for a single person is recommended.

What does A.I. say about Fairwood?
The cost of living in Fairwood, MD is relatively low compared to other areas in the region. The average home price is around $250,000, and rental prices vary depending on size and location but are generally quite affordable. Prices for groceries, entertainment, and other everyday needs are all quite reasonable. The overall cost of day-to-day living in Fairwood is very manageable for most budgets. Additionally, there are a variety of shopping opportunities nearby that offer great deals on clothing and other items. All in all, Fairwood's low cost of living makes it an ideal place to live for those seeking an affordable yet comfortable lifestyle.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesFairwoodMarylandUnited States
    Unlock111.8100.0
  110.7  Unlock100.0
    Unlock84.2100.0
  209.3  Unlock100.0
    Unlock$388,100$338,100
  109.1  Unlock100.0
    Unlock119.3100.0
  118.5  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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