Housing costs in Gaithersburg?
A typical home costs
$602,500, which is 78.2% more expensive than the national average of
$338,100 and 55.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Gaithersburg costs
$1,010 per month, which is 37.7% cheaper than the national average of
$1,620 and 80.2% cheaper than the state average of
$1,820.
Can I afford Gaithersburg?
To live comfortably in Gaithersburg (zip 20899), Maryland, a minimum annual income of
$115,560 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Gaithersburg?
The cost of living in 20899 Gaithersburg, MD is relatively high compared to other parts of the country. The median home cost in this area is around $460,000, which is substantially higher than the national average. Additionally, the overall cost of living index for this zip code is 137.2, which is 37.2% higher than the U.S. average. This means that goods and services are more expensive here than in other areas of the country. Utility costs are also higher due to increased housing costs and demand for electricity, water, sewage treatment, and natural gas services. All these factors contribute to a higher cost of living in Gaithersburg, MD 20899 than what you would find in other parts of the United States.