Housing costs in Hancock?
A typical home costs
$193,200, which is 42.9% less expensive than the national average of
$338,100 and 50.2% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Hancock costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 80.0% cheaper than the state average of
$1,620.
Can I afford Hancock?
To live comfortably in Hancock, Maryland, a minimum annual income of
$37,080 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Hancock?
The cost of living in Hancock, MD is relatively affordable. The median home price in the area is $214,900, which is lower than the U.S. average of $231,200. Additionally, the median household income for residents of Hancock stands at $45,719, which is slightly higher than the statewide Maryland average of $45,675. The overall cost of living index in Hancock is 86.8 out of 100; this index is lower than the national average of 100 and indicates that living costs in Hancock are more affordable than most other parts of the United States.