Zip 21207 (Lochearn, MD) Cost of Living


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Lochearn cost of living score
104.5
More expensive
4.5% higher
than the US average
6.5% lower
than the Maryland average
Lochearn (zip 21207), Maryland gets a BestPlaces Cost of Living score of 104.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.5% higher than the U.S. average and 6.5% higher than the average for Maryland.

Zip 21207 (Lochearn, MD)

Housing costs in Lochearn?
A typical home costs $244,900, which is 27.6% less expensive than the national average of $338,100 and 36.9% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Lochearn costs $1,390 per month, which is 14.2% cheaper than the national average of $1,620 and 11.5% cheaper than the state average of $1,550.

Can I afford Lochearn?
To live comfortably in Lochearn (zip 21207), Maryland, a minimum annual income of $46,800 for a family, and $44,800 for a single person is recommended.

What does A.I. say about Lochearn?
Lochearn, MD is a great place to live due to its affordable cost of living. According to BestPlaces, the average cost of a one-bedroom apartment in Lochearn is around $851 per month, and food costs are quite reasonable. A meal for two at an inexpensive restaurant can be enjoyed for around $25. Utilities such as water and electricity tend to be slightly higher than the national average, but overall they remain relatively affordable. With its low housing prices and reasonable cost of living, Lochearn makes an excellent choice for those looking to settle down in Maryland.
   Cost of living score
     CategoriesLochearnMarylandUnited States
  104.5111.8100.0
  100.4105.2100
  85.284.2100.0
  83.7124.1100.0
  $244,900$388,100$338,100
  106.3%105.6%100.0%
  125.2119.3100.0
  120.2112.5100.0

   100=National Average

   Average Rent by Bedroom Size
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