Housing costs in Towson?
A typical home costs
$357,000, which is 5.6% more expensive than the national average of
$338,100 and 8.0% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Towson costs
$1,550 per month, which is 4.3% 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 21286), Maryland, a minimum annual income of
$68,400 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Towson?
The cost of living in 21286 Towson, MD is quite high compared to the national average. It was ranked as one of the most expensive zip codes in America by Forbes Magazine, which means that it has a higher average housing cost and overall cost of goods than other parts of the country. The median home value within this zip code is $451,400 which is significantly higher than the national average. Additionally, groceries, transportation and healthcare expenses are all quite costly as well. Considering its close proximity to Baltimore and Washington D.C., this area can be more expensive than many other parts of Maryland.