Housing costs in Kensington?
A typical home costs
$786,400, which is 132.6% more expensive than the national average of
$338,100 and 102.6% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Kensington costs
$1,920 per month, which is 34.3% more than the national average of
$1,430 and 15.6% more than the state average of
$1,620.
Can I afford Kensington?
To live comfortably in Kensington, Maryland, a minimum annual income of
$150,840 for a family, and
$67,600 for a single person is recommended.
What does A.I. say about Kensington?
Kensington is a great place to live in terms of affordability. The cost of living is fairly low compared to other parts of Maryland and the Washington, DC area. The median home value for the city is $474,700, which is lower than the national average of $184,700. Furthermore, according to Cost of Living data collected by Sperling’s Best Places, housing costs in Kensington are 27% lower than the Maryland state average and 9% lower than the national average. This makes Kensington an attractive choice for those looking into relocating to this area without breaking their budgets.