Housing costs in Olney?
A typical home costs
$577,100, which is 70.7% more expensive than the national average of
$338,100 and 48.7% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Olney costs
$2,140 per month, which is 49.7% more than the national average of
$1,430 and 24.3% more than the state average of
$1,620.
Can I afford Olney?
To live comfortably in Olney, Maryland, a minimum annual income of
$110,520 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Olney?
The cost of living in Olney, MD is slightly above the national average. According to BestPlaces, the overall cost of living index for Olney is 112.3, which is 12.3% higher than the United States' average of 100. Housing costs in Olney are particularly high, with an index score of 162.6 which is 62.6% higher than the national average. The median home price in Olney is $540,000 and rental prices range from $1,700-$4,000 per month depending on size and location. Groceries and transportation costs are closer to average for the US, but residents can still expect their costs to be slightly above average as well.