Housing costs in Benedict?
A typical home costs
$300,900, which is 11.0% less expensive than the national average of
$338,100 and 22.5% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Benedict costs
$1,300 per month, which is 19.8% cheaper than the national average of
$1,620 and 40.0% cheaper than the state average of
$1,820.
Can I afford Benedict?
To live comfortably in Benedict (zip 20612), Maryland, a minimum annual income of
$57,600 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Benedict?
The cost of living in 20612 Benedict, MD is relatively low compared to other areas in the region. The median home value in the area is approximately $218,000, which is considerably lower than the state average of $289,700. Additionally, the median household income in 20612 Benedict, MD is approximately $70,000 a year - slightly lower than Maryland's overall median income of $75,847. Tax rates are also reasonable with a combined rate for both local and state taxes of 6.25%. All these factors make 20612 Benedict a desirable location for those looking for an affordable place to live.