Housing costs in Smith Island?
A typical home costs
$192,100, which is 43.2% less expensive than the national average of
$338,100 and 50.5% 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 21866), Maryland, a minimum annual income of
$36,720 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 21866 Smith Island, MD is relatively low when compared to other areas. The median home cost in the area is around $158,000 with an average rent of around $750 per month. Other expenses such as groceries, transportation, and utilities are also very reasonable. In addition, there is no state income tax in Maryland, making it a great place for those who are looking to stretch their dollar further. Although it is a remote location, the island has numerous job opportunities that can help to reduce the overall cost of living.