Housing costs in Garretts Mill?
A typical home costs
$281,600, which is 16.7% less expensive than the national average of
$338,100 and 27.4% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Garretts Mill 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 Garretts Mill?
To live comfortably in Garretts Mill, Maryland, a minimum annual income of
$54,000 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Garretts Mill?
Garretts Mill, MD is an affordable place to live with a low cost of living. The median home value in Garretts Mill is $241,000 and the median household income is around $57,000. With its low cost of living and relatively high salaries for the area, Garretts Mill is an attractive option for those looking for a more budget-friendly lifestyle. Property taxes are also relatively low compared to other towns in the area, making Garretts Mill a good place to invest in real estate. Additionally, groceries, transportation, health care costs, and utilities are all significantly lower than average when compared to other places in Maryland. All around, Garretts Mill offers an affordable opportunity for families or individuals to settle down and enjoy their new home without breaking the bank.