Housing costs in Fort Washington?
A typical home costs
$407,900, which is 20.6% more expensive than the national average of
$338,100 and 5.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Fort Washington costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and 3.0% more than the state average of
$1,620.
Can I afford Fort Washington?
To live comfortably in Fort Washington, Maryland, a minimum annual income of
$78,120 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Fort Washington?
The cost of living in Fort Washington, MD is relatively high compared to other parts of the country. According to Data USA, the median household income in Fort Washington, MD is $105,752 and the average home value is $364,700. Furthermore, groceries and health care costs are higher than the national average. However, despite these increasing costs, residents of Fort Washington benefit from a close proximity to Washington D.C., which affords them access to jobs with higher salaries and numerous professional opportunities. Additionally, the area offers excellent schools and reliable public transportation options. All these factors combine to make Fort Washington an attractive place to live for those who can afford it.