Zip 20687 (Scotland, MD) Cost of Living


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How much do I need to live in Scotland, Maryland?
$6,150 / month
for a family, 13.9% more expensive than the national average A total of $73,800 for the year for a family.
$3,900 / month
for a single person, 18.2% less expensive than the national average A total of $46,800 for the year for a single person.

Scotland cost of living score
107
More expensive
7.0% higher
than the US average
4.3% lower
than the Maryland average
Scotland (zip 20687), Maryland gets a BestPlaces Cost of Living score of 107, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.0% higher than the U.S. average and 4.3% higher than the average for Maryland.

Zip 20687 (Scotland, MD)

Housing costs in Scotland?
A typical home costs $384,500, which is 13.7% more expensive than the national average of $338,100 and 0.9% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Scotland costs $1,410 per month, which is 1.4% cheaper than the national average of $1,430 and 14.9% cheaper than the state average of $1,620.

Can I afford Scotland?
To live comfortably in Scotland (zip 20687), Maryland, a minimum annual income of $73,800 for a family, and $46,800 for a single person is recommended.

What does A.I. say about Scotland?
The cost of living in 20687 Scotland, MD is relatively low compared to the national average. The median home price is around $219,000, while the median rent costs around $1,500 a month. Property taxes are also quite low in this area, averaging less than $2,000 per year. In addition, the overall cost of groceries and other goods are moderately priced when compared to other parts of the United States. All in all, 20687 Scotland, MD offers an affordable quality of life for those looking to move near Baltimore without breaking their budget.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesScotlandMarylandUnited States
    Unlock111.8100.0
  108.3  Unlock100.0
    Unlock84.2100.0
  106.5  Unlock100.0
    Unlock$388,100$338,100
  109.8  Unlock100.0
    Unlock119.3100.0
  100.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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