Zip 20877 (Gaithersburg, MD) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Gaithersburg, Maryland?
$6,780 / month
for a family, 25.6% more expensive than the national average
$5,300 / month
for a single person, 11.2% more expensive than the national average

Gaithersburg cost of living score
138.5
More expensive
38.5% higher
than the US average
23.9% higher
than the Maryland average
Gaithersburg (zip 20877), Maryland gets a BestPlaces Cost of Living score of 138.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 38.5% higher than the U.S. average and 23.9% lower than the average for Maryland.

Zip 20877 (Gaithersburg, MD)

Housing costs in Gaithersburg?
A typical home costs $424,600, which is 25.6% more expensive than the national average of $338,100 and 9.4% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Gaithersburg costs $1,810 per month, which is 11.7% more than the national average of $1,620 and close to the state average of $1,820.

Can I afford Gaithersburg?
To live comfortably in Gaithersburg (zip 20877), Maryland, a minimum annual income of $81,360 for a family, and $63,600 for a single person is recommended.

What does A.I. say about Gaithersburg?
The cost of living in 20877 Gaithersburg, MD is significantly more expensive than the national average. The median home value is around $400,000, which is over 40% higher than the national average. Additionally, the cost of goods and services is approximately 15% higher than the national average. Consequently, people living in 20877 Gaithersburg have to be prepared to pay more for basic necessities such as food and housing.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesGaithersburgMarylandUnited States
  138.5111.8100.0
  108.8105.2100
  86.884.2100.0
  140.7124.1100.0
  $424,600$388,100$338,100
  106.3105.6100
  137.5119.3100.0
  149.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.