Housing costs in Gaithersburg?
A typical home costs
$381,900, which is 13.0% more expensive than the national average of
$338,100 and 1.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Gaithersburg costs
$1,840 per month, which is 13.6% 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 20879), Maryland, a minimum annual income of
$73,080 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Gaithersburg?
The cost of living in 20879 Gaithersburg, MD is relatively high compared to the rest of the United States. The median home value is around $444,000 and the median rent price is $2,162. The average sales tax rate is 6%, and the average gas price is $2.59 per gallon. Groceries are slightly more expensive than other parts of the country as well, with an index of 103 compared to the national index of 100. Despite these higher costs, Gaithersburg’s excellent access to public transportation, top-notch schools, safe neighborhoods and close proximity to Washington D.C., make it a desirable place to live for many people.