Housing costs in Ridgely?
A typical home costs
$314,000, which is 7.1% less expensive than the national average of
$338,100 and 19.1% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Ridgely costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 55.8% cheaper than the state average of
$1,620.
Can I afford Ridgely?
To live comfortably in Ridgely (zip 21660), Maryland, a minimum annual income of
$60,120 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Ridgely?
The cost of living in 21660 Ridgely, MD is fairly affordable. The median home value is around $235,000 and the median household income is just under $58,000. Groceries are generally fairly priced and the overall cost of living is 13% lower than the national average. Property taxes are also very reasonable for homeowners at an average rate of 0.73%. Transportation and utilities tend to be slightly higher than many other areas due to the rural location, but still remain below the national averages. All in all, those considering a move to 21660 Ridgely will find it to be an affordable area with plenty of amenities nearby.