Housing costs in Capitol Heights?
A typical home costs
$310,700, which is 8.1% less expensive than the national average of
$338,100 and 19.9% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Capitol Heights costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 15.7% cheaper than the state average of
$1,620.
Can I afford Capitol Heights?
To live comfortably in Capitol Heights, Maryland, a minimum annual income of
$59,400 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Capitol Heights?
The cost of living in Capitol Heights, MD is relatively low compared to other areas within the Washington metropolitan area. According to a 2019 Cost of Living Index report from Best Places, the city's overall cost of living is 10% lower than the national average and 6% lower than the Maryland average. Housing is especially more affordable with an index score of 81 versus the national average of 100, and with home values at $170,000 which is significantly below the state average of $326,000. The median household income for residents in Capitol Heights is around $48,000; however, there are economic disparities between different neighborhoods throughout the city.