Housing costs in Ridge?
A typical home costs
$381,000, which is 12.7% more expensive than the national average of
$338,100 and 1.8% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Ridge costs
$1,360 per month, which is 4.9% cheaper than the national average of
$1,430 and 19.1% cheaper than the state average of
$1,620.
Can I afford Ridge?
To live comfortably in Ridge (zip 20680), Maryland, a minimum annual income of
$73,080 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Ridge?
The cost of living in 20680 Ridge, MD is relatively high compared to the rest of the US. The median home value is $326,000, which is significantly higher than the national median of $184,700. Grocery prices are also slightly above average. Residents also face higher-than-average utility bills and taxes. On the plus side, though, housing prices are fairly stable and there is little volatility in cost of living from one year to the next. Overall, living in 20680 Ridge requires a comfortable budget and financial resources to maintain a lifestyle here.