Housing costs in Severn?
A typical home costs
$486,100, which is 43.8% more expensive than the national average of
$338,100 and 25.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Severn costs
$2,270 per month, which is 40.1% more than the national average of
$1,620 and 31.7% more than the state average of
$1,550.
Can I afford Severn?
To live comfortably in Severn (zip 21076), Maryland, a minimum annual income of
$93,240 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Severn?
The cost of living in 21076 Severn, MD is relatively affordable. The median home value is approximately $302,000 and the median household income is around $88,400. This indicates that the area has a higher standard of living than many other places in Maryland. In addition, grocery prices are below the national average and taxes are about 4% lower than the national average. Renters can expect to pay an average of $1,450 per month for rent. Overall Severn residents benefit from a lower cost of living while enjoying access to great amenities and local attractions.