Housing costs in Towson?
A typical home costs
$427,300, which is 26.4% more expensive than the national average of
$338,100 and 10.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Towson costs
$1,650 per month, which is 15.4% more than the national average of
$1,430 and close to the state average of
$1,620.
Can I afford Towson?
To live comfortably in Towson, Maryland, a minimum annual income of
$81,720 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Towson?
Towson, MD is an affluent area with a median house value of $427,300, which is significantly higher than the US average of $338,100. This increase in home value reflects the increased cost of living in the area. The Cost of Living Index for Towson, MD is 115.6 compared to the US average of 100. This means that residents can expect to pay 15.6% more than the national average for goods and services purchased within the town.