Housing costs in Ellicott City?
A typical home costs
$706,800, which is 109.1% more expensive than the national average of
$338,100 and 82.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Ellicott City costs
$2,040 per month, which is 25.9% more than the national average of
$1,620 and 24.0% more than the state average of
$1,550.
Can I afford Ellicott City?
To live comfortably in Ellicott City (zip 21042), Maryland, a minimum annual income of
$135,360 for a family, and
$66,000 for a single person is recommended.
What does A.I. say about Ellicott City?
The cost of living in 21042 Ellicott City, MD is higher than the national average. The overall cost of goods and services are approximately 5% higher than the rest of the United States. Housing costs are particularly high with a median home price over $400,000. Despite these sky-high prices, living in Ellicott City can be an attractive option for many as it boasts excellent schools and relative safety. Additionally, its close proximity to Washington DC allows for easy access to employment opportunities while still providing a suburban lifestyle.