Housing costs in Somerset?
A typical home costs
$167,900, which is 50.3% less expensive than the national average of
$338,100 and 56.7% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Somerset costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 76.1% cheaper than the state average of
$1,620.
Can I afford Somerset?
To live comfortably in Somerset Maryl County, Maryland, a minimum annual income of
$32,040 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Somerset?
Somerset, MD County is an affordable county to live in with a cost of living index of 77, much lower than the US average cost of living which is 100. The median value of a house in Somerset, MD County is $167,900, considerably lower than the US average house value which is $338,100. This makes Somerset a great place for those looking to buy property or move to an area with an attractive cost of living.