Housing costs in Smith Island?
A typical home costs
$114,800, which is 66.0% less expensive than the national average of
$338,100 and 70.4% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Smith Island costs
$930 per month, which is 42.6% cheaper than the national average of
$1,620 and 17.2% cheaper than the state average of
$1,090.
Can I afford Smith Island?
To live comfortably in Smith Island (zip 21824), Maryland, a minimum annual income of
$21,960 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Smith Island?
The cost of living in 21824 Smith Island, MD is fairly affordable. With a median home price just over $132,000, most people can find an affordable place to call home in this waterfront village. The area also offers great dining options at reasonable prices, with local seafood eateries catching fresh catch daily and small neighborhood restaurants offering delicious meals. Groceries generally tend to be slightly lower than the national average and other essentials like utilities and transportation are also relatively low. All in all, Smith Island is an excellent option for those looking to enjoy waterfront living without breaking the bank.