Housing costs in Frederick?
A typical home costs
$472,900, which is 39.9% more expensive than the national average of
$338,100 and 21.9% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Frederick costs
$1,560 per month, which is 3.7% cheaper than the national average of
$1,620 and 16.7% cheaper than the state average of
$1,820.
Can I afford Frederick?
To live comfortably in Frederick (zip 21705), Maryland, a minimum annual income of
$90,720 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Frederick?
The cost of living in 21705 Frederick, MD is relatively high compared to many other parts of the country. The housing market alone is expensive and the median home price is above the national average. However, there are plenty of jobs available with an average income that can support most residents. Grocery prices tend to be a bit higher than average, as are utility costs. Other costs like transportation and entertainment are within the same range as the rest of the nation. All in all, living in 21705 Frederick can be quite costly but it does have its benefits with a great job market and plenty of activities to enjoy.