Housing costs in College Park?
A typical home costs
$439,500, which is 30.0% more expensive than the national average of
$338,100 and 13.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in College Park costs
$1,690 per month, which is 4.3% more than the national average of
$1,620 and 7.7% cheaper than the state average of
$1,820.
Can I afford College Park?
To live comfortably in College Park (zip 20742), Maryland, a minimum annual income of
$84,240 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about College Park?
The cost of living in College Park, MD 20742 is relatively high compared to the national average. The median home value in 20742 is $410,500, which is much higher than the US average of $184,700. The median household income is around $101,815 per year and the cost of groceries and other goods are slightly higher than the national average. However, with numerous employment opportunities in the area due to its proximity to Washington D.C., many people find that it's worth living in College Park despite its high cost of living.