Zip 20629 (Solomons, MD) Cost of Living


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How much do I need to live in Solomons, Maryland?
$7,380 / month
for a family, 36.7% more expensive than the national average A total of $88,560 for the year for a family.
$5,833 / month
for a single person, 22.4% more expensive than the national average A total of $70,000 for the year for a single person.

Solomons cost of living score
123.2
More expensive
23.2% higher
than the US average
10.2% higher
than the Maryland average
Solomons (zip 20629), Maryland gets a BestPlaces Cost of Living score of 123.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 23.2% higher than the U.S. average and 10.2% lower than the average for Maryland.

Zip 20629 (Solomons, MD)

Housing costs in Solomons?
A typical home costs $462,800, which is 36.9% more expensive than the national average of $338,100 and 19.2% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Solomons costs $1,990 per month, which is 22.8% more than the national average of $1,620 and 8.5% more than the state average of $1,820.

Can I afford Solomons?
To live comfortably in Solomons (zip 20629), Maryland, a minimum annual income of $88,560 for a family, and $70,000 for a single person is recommended.

What does A.I. say about Solomons?
Living in 20629 Solomons, MD is relatively affordable. According to the United States Census Bureau, the median household income is $66,344 and the median home value is $324,800. This means that despite housing being slightly more expensive than other parts of Maryland, it is still within reach for many families when compared to larger cities across the country. Additionally, groceries and entertainment tend to be much less expensive in this area due to its rural location.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesSolomonsMarylandUnited States
    Unlock111.8100.0
  107.3  Unlock100.0
    Unlock84.2100.0
  133.3  Unlock100.0
    Unlock$388,100$338,100
  108.5  Unlock100.0
    Unlock119.3100.0
  112.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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