Zip 21702 (Frederick, MD) Cost of Living


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Frederick cost of living score
113.7
More expensive
13.7% higher
than the US average
1.7% higher
than the Maryland average
Frederick (zip 21702), Maryland gets a BestPlaces Cost of Living score of 113.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.7% higher than the U.S. average and 1.7% lower than the average for Maryland.

Zip 21702 (Frederick, MD)

Housing costs in Frederick?
A typical home costs $380,000, which is 12.4% more expensive than the national average of $338,100 and 2.1% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Frederick costs $1,530 per month, which is 5.6% cheaper than the national average of $1,620 and 19.0% cheaper than the state average of $1,820.

Can I afford Frederick?
To live comfortably in Frederick (zip 21702), Maryland, a minimum annual income of $72,720 for a family, and $53,600 for a single person is recommended.

What does A.I. say about Frederick?
The cost of living in 21702 Frederick, MD is relatively high compared to the national average. The median home value in this zip code is $339,500, far exceeding the national median home value of $231,200. Additionally, the median household income in 21702 is $83,735, which is higher than the national median of $61,937. The cost of groceries and goods is also slightly higher than what you would find nationally. Despite these higher expenses, people choose to live in this area due to its close proximity to major cities like Washington D.C., its excellent school system and a variety of outdoor recreational activities.
   Cost of living score
     CategoriesFrederickMarylandUnited States
  113.7111.8100.0
  107.3105.2100
  84.884.2100.0
  125.1124.1100.0
  $380,000$388,100$338,100
  96.7%105.6%100.0%
  97.4119.3100.0
  126.8112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Frederick
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Over 18 years ago

Great community, close to everything, great schools, has a shopping center, pools, a lake. Mountain views. Within the city limits of Frederick yet a rural feel  More

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