Housing costs in Gaithersburg?
A typical home costs
$718,700, which is 112.6% more expensive than the national average of
$338,100 and 85.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Gaithersburg costs
$2,100 per month, which is 29.6% more than the national average of
$1,620 and 13.3% more than the state average of
$1,820.
Can I afford Gaithersburg?
To live comfortably in Gaithersburg (zip 20882), Maryland, a minimum annual income of
$137,880 for a family, and
$74,000 for a single person is recommended.
What does A.I. say about Gaithersburg?
The cost of living in 20882 Gaithersburg, MD is moderately expensive. The median home value is $457,400 and the median household income is $105,283, both of which are higher than the national average. The cost of groceries and healthcare in particular is higher than the national average. Despite these high costs, there are many amenities available that make Gaithersburg an attractive place to live. These include proximity to Washington D.C., plenty of parks and recreational facilities, excellent schools, and low crime rates. Overall, Gaithersburg is a great place to live with many services and amenities available at a price that is still affordable for most residents.