Housing costs in Damascus?
A typical home costs
$501,000, which is 48.2% more expensive than the national average of
$338,100 and 29.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Damascus costs
$1,570 per month, which is 3.1% cheaper than the national average of
$1,620 and 15.9% cheaper than the state average of
$1,820.
Can I afford Damascus?
To live comfortably in Damascus (zip 20872), Maryland, a minimum annual income of
$96,120 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Damascus?
The cost of living in 20872 Damascus, MD is relatively low compared to other areas of the country. According to the most recent data from Sperling’s Best Places, the overall cost of living index for Damascus is 97.4, which is 3.6% lower than the U.S. average. This means that goods and services in this area are generally cheaper than elsewhere in the nation. Specifically, groceries, healthcare, utilities and transportation costs are all significantly below average costs across America. Additionally, housing costs in Damascus are very competitive when compared to similar areas – with a median home value of $216,300 and median rent prices around $1,250 per month depending on location within city limits – making it an attractive place for those looking for more affordable living arrangements.