Housing costs in Frederick?
A typical home costs
$408,300, which is 20.8% more expensive than the national average of
$338,100 and 5.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Frederick costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 6.6% cheaper than the state average of
$1,620.
Can I afford Frederick?
To live comfortably in Frederick, Maryland, a minimum annual income of
$78,120 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Frederick?
Frederick, Maryland has a cost of living index rating slightly higher than that if the nation at 108 due mostly to its moderately high housing costs making up 45% -above the national average 43%. Utility costs are also above average partly owing to expensive power sources such as coal or nuclear energy providing citizens with a generally more expensive option while having access similar amenities found citywide regardless where one calls home. Transportation makes up 12 percent, groceries 9%, healthcare 8% again contributing towards raised total expenses when compared with many other U.S cities .