Housing costs in Baltimore-Columbia-Towson?
A typical home costs
$359,900, which is 6.4% more expensive than the national average of
$338,100 and 7.3% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Baltimore-Columbia-Towson costs
$1,550 per month, which is 8.4% cheaper than the national average of
$1,430 and 4.5% cheaper than the state average of
$1,620.
Can I afford Baltimore-Columbia-Towson?
To live comfortably in Baltimore-Columbia-Towson Maryl Metro Area, Maryland, a minimum annual income of
$69,120 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Baltimore-Columbia-Towson?
The Baltimore-Columbia-Towson, MD Metro Area is an attractive place to live due to its relatively low cost of living compared to the national average. According to data from the US Census Bureau, the median house value in this area is $359,900, which is significantly lower than the national average of $338,100. Additionally, the Cost of Living Index for this area is 108.6 which is 8.6 points higher than the US average of 100. This means that while housing may be less expensive in this area than elsewhere in the country, other costs like groceries and utilities may be more expensive than other places. All things considered, however, living in Baltimore-Columbia-Towson, MD Metro Area can be quite affordable for those looking for a slightly lower cost of living without sacrificing quality.