Housing costs in Ellicott City?
A typical home costs
$544,000, which is 60.9% more expensive than the national average of
$338,100 and 40.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Ellicott City costs
$2,100 per month, which is 29.6% more than the national average of
$1,620 and 26.2% more than the state average of
$1,550.
Can I afford Ellicott City?
To live comfortably in Ellicott City (zip 21043), Maryland, a minimum annual income of
$104,400 for a family, and
$68,000 for a single person is recommended.
What does A.I. say about Ellicott City?
The cost of living in 21043 Ellicott City, MD is slightly higher than the national average. The median home value is $436,000, which is almost double the national average. The median household income of $96,000 is around 11% higher than the national average. Additionally, the median rent is significantly higher than the rest of Maryland and the nation at $2,095 per month. Although living in Ellicott City does come with a higher cost of living than other areas, there are some great benefits that come along with it as well. Ellicott City offers plenty of locally owned businesses and restaurants to explore, several museums and attractions to visit, and countless outdoor activities to enjoy.