Zip 21545 (Mount Savage, MD) Cost of Living

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Mount Savage cost of living score
Less expensive
26.8% lower
than the US average
34.5% lower
than the Maryland average
Mount Savage (zip 21545), Maryland gets a BestPlaces Cost of Living score of 73.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.8% lower than the U.S. average and 34.5% lower than the average for Maryland.

Zip 21545 (Mount Savage, MD)

Housing costs in Mount Savage?
A typical home costs $104,600, which is 69.1% less expensive than the national average of $338,100 and 73.0% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Mount Savage costs $890 per month, which is 45.1% cheaper than the national average of $1,620 and 5.6% more than the state average of $840.

Can I afford Mount Savage?
To live comfortably in Mount Savage (zip 21545), Maryland, a minimum annual income of $20,160 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Mount Savage?
The cost of living in 21545 Mount Savage, MD is relatively low compared to other parts of the state. The median home value is just over $80,000, which is lower than the national average, and the median household income is also below the national average. Additionally, the area's taxes are fairly low with no state or local income tax. This makes it an ideal place for those looking for a more affordable lifestyle. The overall cost of living here is quite reasonable and should make it attractive to budget-minded individuals and families.
   Cost of living score
     CategoriesMount SavageMarylandUnited States

   100=National Average

   Average Rent by Bedroom Size