Housing costs in Ridgely?
A typical home costs
$295,400, which is 12.6% less expensive than the national average of
$338,100 and 23.9% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Ridgely costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 50.0% cheaper than the state average of
$1,620.
Can I afford Ridgely?
To live comfortably in Ridgely, Maryland, a minimum annual income of
$56,520 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Ridgely?
The cost of living in Ridgely, MD is relatively low compared to other areas in the state. The median home value in Ridgely is roughly $207,000, which is well below the state's average of $330,000. Additionally, the median household income is approximately $57,000 and the median rent price is around $900. These prices are all favorable for those looking for a new place to call home. With its proximity to major cities like Baltimore and Washington D.C., Ridgely provides its residents with many job opportunities as well as an affordable cost of living.