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.