Housing costs in Owings?
A typical home costs
$533,000, which is 57.6% more expensive than the national average of
$338,100 and 37.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Owings costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 3.2% cheaper than the state average of
$1,620.
Can I afford Owings?
To live comfortably in Owings, Maryland, a minimum annual income of
$102,240 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Owings?
The cost of living in Owings, MD is relatively low compared to other areas in the state. The median home price in Owings, MD is just over $370,000 while the median household income is approximately $123,500 per year. This means that homes are affordable and the cost of living is manageable for many families. Additionally, the local economy has a good mix of jobs with employers ranging from small businesses to larger corporations located nearby. With a variety of job opportunities available and a low cost of living, Owings, MD is an attractive option for those looking for affordability while still having access to decent employment opportunities.