Housing costs in Naval Academy?
A typical home costs
$491,700, which is 45.4% more expensive than the national average of
$338,100 and 26.7% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Naval Academy costs
$2,360 per month, which is 45.7% more than the national average of
$1,620 and 34.3% more than the state average of
$1,550.
Can I afford Naval Academy?
To live comfortably in Naval Academy (zip 21402), Maryland, a minimum annual income of
$94,320 for a family, and
$76,400 for a single person is recommended.
What does A.I. say about Naval Academy?
The cost of living in 21402 Naval Academy, MD is relatively high compared to other areas of the country. The median home value in this area is $395,200 and the median rental cost is $1,524 per month. This makes it one of the more expensive places to live in Maryland. Furthermore, goods and services tend to be more expensive due to the close proximity to Washington DC and Baltimore. Transportation costs can also add up quickly as there is limited public transportation available in this area. However, for those looking for an affluent area with excellent education and health care options, the cost of living in 21402 Naval Academy can be worth it.