Housing costs in Germantown?
A typical home costs
$432,400, which is 27.9% more expensive than the national average of
$338,100 and 11.4% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Germantown costs
$1,890 per month, which is 16.7% more than the national average of
$1,620 and 3.7% more than the state average of
$1,820.
Can I afford Germantown?
To live comfortably in Germantown (zip 20876), Maryland, a minimum annual income of
$82,800 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about Germantown?
The cost of living in Germantown, MD 20876 is quite high. The median home value is around $316,000 and the median rental price is around $1,800/month. This makes it one of the more expensive neighborhoods in Maryland and even the whole US. The overall cost of living index is 113.3, which is well above the national average of 100. Groceries, transportation, health care costs, and utilities are all higher than average as well. Although Germantown does have a fairly high cost of living overall, it's still a great place to live with its many parks and recreational facilities that make it an attractive place for those looking for a nice quiet neighborhood with plenty to do.