Zip 21867 (Fairmount, MD) Cost of Living


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How much do I need to live in Fairmount, Maryland?
$2,790 / month
for a family, 48.3% less expensive than the national average A total of $33,480 for the year for a family.
$2,133 / month
for a single person, 55.3% less expensive than the national average A total of $25,600 for the year for a single person.

Fairmount cost of living score
77
Less expensive
23.0% lower
than the US average
31.1% lower
than the Maryland average
Fairmount (zip 21867), Maryland gets a BestPlaces Cost of Living score of 77, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.0% lower than the U.S. average and 31.1% lower than the average for Maryland.

Zip 21867 (Fairmount, MD)

Housing costs in Fairmount?
A typical home costs $174,000, which is 48.5% less expensive than the national average of $338,100 and 55.2% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Fairmount costs $840 per month, which is 48.1% cheaper than the national average of $1,620 and 29.8% cheaper than the state average of $1,090.

Can I afford Fairmount?
To live comfortably in Fairmount (zip 21867), Maryland, a minimum annual income of $33,480 for a family, and $25,600 for a single person is recommended.

What does A.I. say about Fairmount?
The cost of living in 21867 Fairmount, MD is very reasonable. The median home price is around $168,000 and the average monthly rent for a one-bedroom apartment is about $1020. This makes Fairmount an affordable place to live for people on a budget. There are also plenty of grocery stores, restaurants, and other amenities that allow residents to enjoy their life without breaking the bank. Property taxes are also quite low in this area, making it an even more attractive option for those looking to move to Maryland.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesFairmountMarylandUnited States
    Unlock111.8100.0
  102.1  Unlock100.0
    Unlock84.2100.0
  24.4  Unlock100.0
    Unlock$388,100$338,100
  108.6  Unlock100.0
    Unlock119.3100.0
  76.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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