Housing costs in Port Tobacco Village?
A typical home costs
$423,800, which is 25.3% more expensive than the national average of
$338,100 and 9.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Port Tobacco Village costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and 26.6% cheaper than the state average of
$1,620.
Can I afford Port Tobacco Village?
To live comfortably in Port Tobacco Village, Maryland, a minimum annual income of
$81,360 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Port Tobacco Village?
The cost of living in Port Tobacco Village, MD is relatively reasonable compared to other areas. The median home value in the area is around $304,000, which is higher than the national average of $219,700. However, the median household income of $87,841 is also higher than the national average of $61,937. This means that the residents of Port Tobacco Village have a larger disposable income to spend on goods and services. Additionally, utilities in Port Tobacco Village are lower than the national average and there are no state or local taxes being collected in the area. All these factors lead to an overall low cost of living for those who choose to live in this vibrant small town community.