Housing costs in Lanham?
A typical home costs
$384,400, which is 13.7% more expensive than the national average of
$338,100 and 1.0% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Lanham costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and 6.9% more than the state average of
$1,620.
Can I afford Lanham?
To live comfortably in Lanham, Maryland, a minimum annual income of
$73,800 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Lanham?
The cost of living in Lanham, MD is generally higher than the national average. According to BestPlaces, the overall cost of living index in Lanham is around 119.6, which is 19.6 points higher than the national average. Housing costs in Lanham tend to be higher than most other areas, with the median home value being around $250,000 and the median monthly rent for a one-bedroom apartment being just over $1,300. Other costs such as food, healthcare, transportation, and utilities are also slightly above average compared to other places in Maryland.