Zip 20904 (Fairland, MD) Cost of Living

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Fairland cost of living score
More expensive
38.5% higher
than the US average
23.9% higher
than the Maryland average
Fairland (zip 20904), Maryland gets a BestPlaces Cost of Living score of 138.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 38.5% higher than the U.S. average and 23.9% lower than the average for Maryland.

Zip 20904 (Fairland, MD)

Housing costs in Fairland?
A typical home costs $536,000, which is 58.5% more expensive than the national average of $338,100 and 38.1% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Fairland costs $1,900 per month, which is 17.3% more than the national average of $1,620 and 4.2% more than the state average of $1,820.

Can I afford Fairland?
To live comfortably in Fairland (zip 20904), Maryland, a minimum annual income of $102,600 for a family, and $66,800 for a single person is recommended.

What does A.I. say about Fairland?
The cost of living in 20904 Fairland, MD is quite reasonable. The area has a fairly low median home value of $205,000, which is lower than the national average. The median household income is slightly higher than the national average at $75,490, and the cost of goods and services is also slightly above the national average. Additionally, groceries are also slightly more expensive than the US average due to taxes on food. All in all, Fairland's cost of living index is slightly higher than the national average but still relatively affordable for those who call this area home.
   Cost of living score
     CategoriesFairlandMarylandUnited States

   100=National Average

   Average Rent by Bedroom Size