Spring Ridge, MD Cost of Living


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How much do I need to live in Spring Ridge, Maryland?
$6,990 / month
for a family, 29.4% more expensive than the national average A total of $83,880 for the year for a family.
$4,433 / month
for a single person, 7.0% less expensive than the national average A total of $53,200 for the year for a single person.

Spring Ridge cost of living score
113.7
More expensive
13.7% higher
than the US average
1.7% higher
than the Maryland average
Spring Ridge, Maryland gets a BestPlaces Cost of Living score of 113.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.7% higher than the U.S. average and 1.7% lower than the average for Maryland.

Spring Ridge, MD

Housing costs in Spring Ridge?
A typical home costs $437,300, which is 29.3% more expensive than the national average of $338,100 and 12.7% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Spring Ridge costs $1,520 per month, which is 6.3% more than the national average of $1,430 and 6.6% cheaper than the state average of $1,620.

Can I afford Spring Ridge?
To live comfortably in Spring Ridge, Maryland, a minimum annual income of $83,880 for a family, and $53,200 for a single person is recommended.

What does A.I. say about Spring Ridge?
Living in Spring Ridge, MD is relatively affordable. The cost of living is slightly below the national average, making it an attractive option for those looking to save some money. Housing costs are particularly low, with median home prices being 15% lower than the national median. Additionally, groceries, utilities, and transportation are all cheaper in Spring Ridge than they would be in other parts of the country. Overall, Spring Ridge offers a great quality of life at an affordable price point.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSpring RidgeMarylandUnited States
    Unlock111.8100.0
  107.4  Unlock100.0
    Unlock84.2100.0
  122.8  Unlock100.0
    Unlock$388,100$338,100
  96.3  Unlock100.0
    Unlock119.3100.0
  126.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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