Housing costs in Royal Oak?
A typical home costs
$903,700, which is 167.3% more expensive than the national average of
$338,100 and 132.9% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Royal Oak costs
$2,050 per month, which is 43.4% more than the national average of
$1,430 and 21.0% more than the state average of
$1,620.
Can I afford Royal Oak?
To live comfortably in Royal Oak (zip 21662), Maryland, a minimum annual income of
$173,160 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about Royal Oak?
The cost of living in 21662 Royal Oak, MD is relatively affordable. The median home price in the area is $315,000, which is significantly lower than the national average. Additionally, utility costs are low and most people can expect to pay about $200 per month for utilities. Groceries also tend to be more affordable than other cities in the area, and there are plenty of options for shopping locally. Overall, living in 21662 Royal Oak offers an affordable lifestyle that is well within reach of many families.