Housing costs in Morningside?
A typical home costs
$311,700, which is 7.8% less expensive than the national average of
$338,100 and 19.7% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Morningside costs
$1,630 per month, which is 14.0% more than the national average of
$1,430 and close to the state average of
$1,620.
Can I afford Morningside?
To live comfortably in Morningside, Maryland, a minimum annual income of
$59,760 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Morningside?
The cost of living in Morningside, MD is quite reasonable. The median home price in the area is $145,000, which is significantly lower than the national average of $208,000. In addition, the median household income is around $56,500 and the unemployment rate is just 5%. This means that housing costs make up a smaller proportion of a family's budget than in other parts of the country. Grocery and restaurant prices are also slightly below the national average. All these factors combine to make Morningside an affordable place to live.