Zip 20632 (Faulkner, MD) Cost of Living


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Faulkner cost of living score
115.4
More expensive
15.4% higher
than the US average
3.2% higher
than the Maryland average
Faulkner (zip 20632), Maryland gets a BestPlaces Cost of Living score of 115.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.4% higher than the U.S. average and 3.2% lower than the average for Maryland.

Zip 20632 (Faulkner, MD)

Housing costs in Faulkner?
A typical home costs $441,400, which is 30.6% more expensive than the national average of $338,100 and 13.7% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Faulkner costs $1,670 per month, which is 16.8% more than the national average of $1,430 and 3.0% more than the state average of $1,620.

Can I afford Faulkner?
To live comfortably in Faulkner (zip 20632), Maryland, a minimum annual income of $84,600 for a family, and $58,800 for a single person is recommended.

What does A.I. say about Faulkner?
The cost of living in 20632 Faulkner, MD is quite reasonable. The median home value is around $312,000, while the median household income is close to $110,000 per year. Renters can expect to pay around $1,400 monthly for a one-bedroom apartment. Shopping and dining options are plentiful in the area and grocery prices are comparable with those of nearby cities. All in all, Faulkner offers residents affordable housing and amenities without sacrificing quality of life or convenience.
   Cost of living score
     CategoriesFaulknerMarylandUnited States
  115.4111.8100.0
  107.1105.2100
  84.984.2100.0
  140.3124.1100.0
  $441,400$388,100$338,100
  106.0%105.6%100.0%
  121.1119.3100.0
  115.6112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime