Zip 21555 (Oldtown, MD) Cost of Living

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Oldtown cost of living score
Less expensive
26.8% lower
than the US average
34.5% lower
than the Maryland average
Oldtown (zip 21555), 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 21555 (Oldtown, MD)

Housing costs in Oldtown?
A typical home costs $159,900, which is 52.7% less expensive than the national average of $338,100 and 58.8% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Oldtown costs $910 per month, which is 43.8% cheaper than the national average of $1,620 and 7.7% more than the state average of $840.

Can I afford Oldtown?
To live comfortably in Oldtown (zip 21555), Maryland, a minimum annual income of $30,600 for a family, and $29,200 for a single person is recommended.

What does A.I. say about Oldtown?
The cost of living in 21555 Oldtown, MD is relatively affordable compared to other parts of the state. The median home price in the area is approximately $179,000, which is less than the statewide average. Additionally, the median household income is around $50,400 per year, making it an affordable place to live. Other expenses such as food and utilities are also lower than average for Maryland. Overall, 21555 Oldtown offers a comfortable lifestyle at a reasonable cost.
   Cost of living score
     CategoriesOldtownMarylandUnited States

   100=National Average

   Average Rent by Bedroom Size