Housing costs in Taylors Island?
A typical home costs
$346,000, which is 2.3% more expensive than the national average of
$338,100 and 10.8% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Taylors Island costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 63.6% cheaper than the state average of
$1,620.
Can I afford Taylors Island?
To live comfortably in Taylors Island, Maryland, a minimum annual income of
$66,240 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Taylors Island?
The cost of living in Taylors Island, MD is quite affordable compared to larger cities and towns in the area. The median home value for the zip code is just under $300,000, making it a great place for families looking for an affordable place to settle down. The median household income of families living in the area is also above the national average, allowing residents to stretch their budgets further than they might otherwise be able to do. Additionally, there are no state income taxes in Maryland, so residents pay less overall on their taxable income than many other places in the country. All of these factors combine to make Taylors Island an ideal destination for those looking for a tranquil lifestyle at an affordable price.