Zip 20625 (Cobb Island, MD) Cost of Living


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How much do I need to live in Cobb Island, Maryland?
$5,220 / month
for a family, 3.3% less expensive than the national average A total of $62,640 for the year for a family.
$4,733 / month
for a single person, 0.7% less expensive than the national average A total of $56,800 for the year for a single person.

Cobb Island cost of living score
115.4
More expensive
15.4% higher
than the US average
3.2% higher
than the Maryland average
Cobb Island (zip 20625), Maryland gets a BestPlaces Cost of Living score of 115.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.4% higher than the U.S. average and 3.2% lower than the average for Maryland.

Zip 20625 (Cobb Island, MD)

Housing costs in Cobb Island?
A typical home costs $326,600, which is 3.4% less expensive than the national average of $338,100 and 15.8% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Cobb Island costs $1,610 per month, which is 0.6% cheaper than the national average of $1,620 and 13.0% cheaper than the state average of $1,820.

Can I afford Cobb Island?
To live comfortably in Cobb Island (zip 20625), Maryland, a minimum annual income of $62,640 for a family, and $56,800 for a single person is recommended.

What does A.I. say about Cobb Island?
The cost of living in 20625 Cobb Island, MD is relatively high compared to other areas in the state. This is due to the fact that it is a waterfront community and offers access to numerous recreational activities. The median home price in 20625 Cobb Island is about $435,000, which is considerably higher than the national average of $231,200. In addition to higher home prices, goods and services also tend to be more expensive than average. Groceries, utilities, and transportation costs are all slightly above the national averages though they are still generally considered affordable for most households.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesCobb IslandMarylandUnited States
    Unlock111.8100.0
  106.4  Unlock100.0
    Unlock84.2100.0
  103.5  Unlock100.0
    Unlock$388,100$338,100
  112.3  Unlock100.0
    Unlock119.3100.0
  115.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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