Housing costs in Fairmount?
A typical home costs
$163,500, which is 51.6% less expensive than the national average of
$338,100 and 57.9% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Fairmount costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 84.1% cheaper than the state average of
$1,620.
Can I afford Fairmount?
To live comfortably in Fairmount, Maryland, a minimum annual income of
$31,320 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Fairmount?
The cost of living in Fairmount, MD is relatively low compared to other areas of the state. The average housing costs are around $200,000, much lower than the state median. Other costs such as groceries and utilities are also below the state averages. Transportation options are plentiful and provide an affordable way to get from one place to another. All in all, Fairmount, MD is an ideal place for those looking for a low cost of living without sacrificing quality of life.