Housing costs in Maryland City?
A typical home costs
$414,000, which is 22.4% more expensive than the national average of
$338,100 and 6.7% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Maryland City costs
$2,150 per month, which is 32.7% more than the national average of
$1,620 and 27.9% more than the state average of
$1,550.
Can I afford Maryland City?
To live comfortably in Maryland City (zip 20724), Maryland, a minimum annual income of
$79,200 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Maryland City?
The cost of living in 20724 Maryland City, MD is relatively high due to the close proximity to the DC metro area and its amenities. The median home value in the zip code is $364,300, according to Zillow—more than twice as much as the national average—and rents average $2,099 per month for a one-bedroom apartment. Grocery costs are also slightly higher than the US average, with a gallon of milk costing around 3 dollars and a dozen large eggs at around 4 dollars. Other necessities such as utilities and transportation are on par with other areas in the US. Although it may be more expensive than many places, residents who live here are treated to access to great entertainment options, restaurants, and job opportunities that more than make up for it.