Zip 21861 (Sharptown, MD) Cost of Living


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How much do I need to live in Sharptown, Maryland?
$2,820 / month
for a family, 47.8% less expensive than the national average A total of $33,840 for the year for a family.
$2,367 / month
for a single person, 50.3% less expensive than the national average A total of $28,400 for the year for a single person.

Sharptown cost of living score
83.7
Less expensive
16.3% lower
than the US average
25.1% lower
than the Maryland average
Sharptown (zip 21861), Maryland gets a BestPlaces Cost of Living score of 83.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.3% lower than the U.S. average and 25.1% lower than the average for Maryland.

Zip 21861 (Sharptown, MD)

Housing costs in Sharptown?
A typical home costs $177,200, which is 47.6% less expensive than the national average of $338,100 and 54.3% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Sharptown costs $940 per month, which is 42.0% cheaper than the national average of $1,620 and 16.0% cheaper than the state average of $1,090.

Can I afford Sharptown?
To live comfortably in Sharptown (zip 21861), Maryland, a minimum annual income of $33,840 for a family, and $28,400 for a single person is recommended.

What does A.I. say about Sharptown?
The cost of living in 21861 Sharptown, MD is generally considered to be affordable, with overall costs that are slightly lower than the national average. Renting an apartment or house in the area is relatively inexpensive, with median rates about 15% below the national average, and a wide selection of options available. Utilities tend to run slightly above the national average but are still within a reasonable range. Groceries and other necessities can also be found at lower-than-average prices. All in all, 21861 Sharptown offers residents a good balance between cost and convenience, making it an attractive option for those looking for a more budget-friendly place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSharptownMarylandUnited States
    Unlock111.8100.0
  102.3  Unlock100.0
    Unlock84.2100.0
  51.3  Unlock100.0
    Unlock$388,100$338,100
  111.2  Unlock100.0
    Unlock119.3100.0
  90.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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