Zip 21074 (Hampstead, MD) Cost of Living


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Hampstead cost of living score
113
More expensive
13.0% higher
than the US average
1.1% higher
than the Maryland average
Hampstead (zip 21074), Maryland gets a BestPlaces Cost of Living score of 113, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.0% higher than the U.S. average and 1.1% lower than the average for Maryland.

Zip 21074 (Hampstead, MD)

Housing costs in Hampstead?
A typical home costs $354,000, which is 4.7% more expensive than the national average of $338,100 and 8.8% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Hampstead costs $1,270 per month, which is 21.6% cheaper than the national average of $1,620 and 22.0% cheaper than the state average of $1,550.

Can I afford Hampstead?
To live comfortably in Hampstead (zip 21074), Maryland, a minimum annual income of $67,680 for a family, and $41,200 for a single person is recommended.

What does A.I. say about Hampstead?
The cost of living in 21074 Hampstead, MD is generally higher than the national average. The median home value for this area is $418,800, which is much higher than the national median home value of $231,200. Renting a one-bedroom apartment typically costs around $1,000 per month and groceries are almost 10% more expensive than the national average. Additionally, transportation costs can be quite high with gas prices often above the national average. Although the cost of living may seem expensive at first glance, there are many great amenities to take advantage of that make it worth it.
   Cost of living score
     CategoriesHampsteadMarylandUnited States
  113.0111.8100.0
  102.2105.2100
  84.184.2100.0
  123.4124.1100.0
  $354,000$388,100$338,100
  106.3%105.6%100.0%
  107.7119.3100.0
  120.0112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Hampstead
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Over 18 years ago

Prices of housing in Carroll County, as in the rest of the Baltimore Metropolitan area, have gone through the roof. Very difficult for a median-income family to buy or  More

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