Housing costs in Fallston?
A typical home costs
$513,500, which is 51.9% more expensive than the national average of
$338,100 and 32.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Fallston costs
$1,890 per month, which is 16.7% more than the national average of
$1,620 and 18.0% more than the state average of
$1,550.
Can I afford Fallston?
To live comfortably in Fallston (zip 21047), Maryland, a minimum annual income of
$98,280 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Fallston?
The cost of living in Fallston, MD 21047 is relatively high. According to Best Places, the median home cost in Fallston is $409,100, which is significantly higher than the national average of $184,700. In addition to housing expenses, residents can expect to pay a higher-than-average price for groceries and utilities as well. On the plus side, Fallston residents enjoy a low unemployment rate of just 3.9% and an average household income of around $108k. All in all, while the cost of living in Fallston may be higher than many other locations throughout Maryland and America as a whole, it is still an affordable place to live with plenty of amenities and job opportunities available.