Housing costs in Elk Mills?
A typical home costs
$324,300, which is 4.1% less expensive than the national average of
$338,100 and 16.4% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Elk Mills costs
$1,490 per month, which is 4.2% more than the national average of
$1,430 and 8.7% cheaper than the state average of
$1,620.
Can I afford Elk Mills?
To live comfortably in Elk Mills (zip 21920), Maryland, a minimum annual income of
$62,280 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Elk Mills?
The cost of living in 21920 Elk Mills, MD is relatively low compared to the rest of the state. The average home value is just above $300,000, while the median household income is around $76,000. The unemployment rate is also below the state's average and it has a strong job market. Groceries and other goods are also reasonably priced. While some areas may be more expensive than others, residents of Elk Mills enjoy a fairly inexpensive cost of living overall.