Housing costs in Oakland?
A typical home costs
$256,300, which is 24.2% less expensive than the national average of
$338,100 and 34.0% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Oakland costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 97.6% cheaper than the state average of
$1,620.
Can I afford Oakland?
To live comfortably in Oakland (zip 21550), Maryland, a minimum annual income of
$48,960 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Oakland?
The cost of living in Oakland, MD is relatively reasonable. According to BestPlaces, the cost of living index is 79.2 which is lower than both the US average of 100 and Maryland's average of 112. Renting an apartment typically costs anywhere between $650-1300 depending on size and amenities. Utilities are also relatively low with electricity averaging at around $90 per month while internet services costing around $50 per month. Transportation is convenient as there are many local bus routes available through Garrett Transit System and parking is usually not a problem. Overall, Oakland, MD offers a good quality of life at a reasonable cost.