Housing costs in Glenmont?
A typical home costs
$480,600, which is 42.1% more expensive than the national average of
$338,100 and 23.8% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Glenmont costs
$1,870 per month, which is 30.8% more than the national average of
$1,430 and 13.4% more than the state average of
$1,620.
Can I afford Glenmont?
To live comfortably in Glenmont, Maryland, a minimum annual income of
$92,160 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Glenmont?
The cost of living in Glenmont, MD is higher than the national average. The median home value is $415,400 and homeownership costs are typically around 41% of the median income. Renters in Glenmont may see rents as high as $1,800 per month. The local economy is diverse with most major industries represented, including healthcare, retail, finance, and technology. Sales taxes are 8.75%. Overall, the cost of living in Glenmont has stayed relatively stable over time and it remains an attractive place to live for those who can afford it.