Housing costs in Towson?
A typical home costs
$344,300, which is 1.8% more expensive than the national average of
$338,100 and 11.3% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Towson costs
$1,560 per month, which is 3.7% cheaper than the national average of
$1,620 and close to the state average of
$1,550.
Can I afford Towson?
To live comfortably in Towson (zip 21252), Maryland, a minimum annual income of
$65,880 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Towson?
The cost of living in 21252 Towson, MD is relatively high compared to the national average. According to BestPlaces, the cost of living in 21252 Towson, MD is 31.77% higher than the U.S. average. This means that groceries, housing market, and transportation costs are more expensive than other areas in the U.S., but not as high as some urban cities on the East Coast like New York City or Boston. Renting an apartment can be quite expensive with an average price of $1,400 for a one-bedroom and $1,700 for two bedrooms each month; however there are more affordable options available depending on location and amenities provided by landlords. The cost of groceries is also higher than most places in the United States with a 1 liter bottle of milk costing around $2 dollars and a dozen eggs costing $3 dollars. Transportation costs can be quite costly due to having to use Uber or Lyft for getting around town unless you have access to public transportation via buses and light rail lines which run throughout Towson and Baltimore City Area daily.