Housing costs in Ellicott City?
A typical home costs
$581,600, which is 72.0% more expensive than the national average of
$338,100 and 49.9% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Ellicott City costs
$2,170 per month, which is 34.0% more than the national average of
$1,620 and 28.6% more than the state average of
$1,550.
Can I afford Ellicott City?
To live comfortably in Ellicott City (zip 21163), Maryland, a minimum annual income of
$111,600 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Ellicott City?
Ellicott City, MD has a high cost of living compared to the national average. The median home price is $449,717, which is much higher than the national median of $229,700. Additionally, the cost of groceries and transportation are all significantly higher than other parts of the country. The overall cost of living index score for Ellicott City is 126.1, meaning that it is 26.1% more expensive to live in Ellicott City than it is to live in other places across the United States. Although it may be expensive to live in Ellicott City, residents enjoy a high quality of life with access to excellent schools, a variety of outdoor activities, and plenty of restaurants and nightlife options nearby.