Housing costs in La Plata?
A typical home costs
$447,500, which is 32.4% more expensive than the national average of
$338,100 and 15.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in La Plata costs
$1,650 per month, which is 15.4% more than the national average of
$1,430 and close to the state average of
$1,620.
Can I afford La Plata?
To live comfortably in La Plata, Maryland, a minimum annual income of
$85,680 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about La Plata?
The cost of living in La Plata, MD is relatively low compared to the national average. The median home price in La Plata is just over $260,000, which is well below the national median of around $320,000. Additionally, the overall cost of living index for La Plata is 93.4 (the US average is 100). This means that goods and services are about 7% cheaper than the national average. Property taxes are also lower than other Maryland cities with a rate of 0.8%, which helps make housing even more affordable. All these factors combine to make La Plata a great place to live in terms of affordability.