Housing costs in Tilghman Island?
A typical home costs
$342,300, which is 1.2% more expensive than the national average of
$338,100 and 11.8% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Tilghman Island costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 32.8% cheaper than the state average of
$1,620.
Can I afford Tilghman Island?
To live comfortably in Tilghman Island, Maryland, a minimum annual income of
$65,520 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Tilghman Island?
The cost of living in Tilghman Island, MD is relatively affordable. The median home price for the area is around $309,000 which is lower than the national average. Property taxes are low and the overall cost of living index is 14% lower than the U.S. average. The unemployment rate is around 4.3%, making it an ideal place to find work if needed. Groceries and healthcare are slightly more expensive than the national average, however transportation and utilities costs are lower than most places in Maryland. As a result, it is possible to enjoy a relatively low cost of living in Tilghman Island without sacrificing too much comfort or convenience.