Housing costs in Lexington Park?
A typical home costs
$336,300, which is 0.5% less expensive than the national average of
$338,100 and 13.3% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Lexington Park costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 4.5% cheaper than the state average of
$1,620.
Can I afford Lexington Park?
To live comfortably in Lexington Park, Maryland, a minimum annual income of
$64,440 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Lexington Park?
The cost of living in Lexington Park, MD is relatively affordable compared to other parts of the state. According to Best Places, the overall cost of living index for Lexington Park is 94.1, which is 6% below the US average and 21% lower than the Maryland state average. Housing costs are especially low compared to other locations around the state, with a median home value of $196,100. Other expenses like groceries and utilities are also slightly lower than average when compared to Maryland's state average. All of these factors make Lexington Park an attractive place for those looking for an affordable place to live without sacrificing quality of life.