Zip 20764 (Shady Side, MD) Cost of Living


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How much do I need to live in Shady Side, Maryland?
$5,730 / month
for a family, 6.1% more expensive than the national average A total of $68,760 for the year for a family.
$6,100 / month
for a single person, 28.0% more expensive than the national average A total of $73,200 for the year for a single person.

Shady Side cost of living score
114.7
More expensive
14.7% higher
than the US average
2.6% higher
than the Maryland average
Shady Side (zip 20764), Maryland gets a BestPlaces Cost of Living score of 114.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 14.7% higher than the U.S. average and 2.6% lower than the average for Maryland.

Zip 20764 (Shady Side, MD)

Housing costs in Shady Side?
A typical home costs $359,700, which is 6.4% more expensive than the national average of $338,100 and 7.3% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Shady Side costs $2,260 per month, which is 39.5% more than the national average of $1,620 and 31.4% more than the state average of $1,550.

Can I afford Shady Side?
To live comfortably in Shady Side (zip 20764), Maryland, a minimum annual income of $68,760 for a family, and $73,200 for a single person is recommended.

What does A.I. say about Shady Side?
Living in 20764 Shady Side, MD can be expensive. According to BestPlaces, the cost of living index for this zip code is 134.4, which is 13% higher than the United States average. The average monthly rent for a one-bedroom apartment is $1,410, while the average price for a three-bedroom home is around $2,540. Utilities are also high in this area, costing up to $185 per month. Groceries and other necessities like clothing and gas are also more expensive than in other areas of the state. Despite being a bit pricier than elsewhere, there are plenty of amenities that make Shady Side a desirable place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesShady SideMarylandUnited States
    Unlock111.8100.0
  102.5  Unlock100.0
    Unlock84.2100.0
  118.5  Unlock100.0
    Unlock$388,100$338,100
  104.7  Unlock100.0
    Unlock119.3100.0
  127.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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