Zip 20688 (Solomons, MD) Cost of Living


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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 20688), 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 20688 (Solomons, MD)

Housing costs in Solomons?
A typical home costs $454,800, which is 34.5% more expensive than the national average of $338,100 and 17.2% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Solomons costs $2,240 per month, which is 38.3% more than the national average of $1,620 and 18.8% more than the state average of $1,820.

Can I afford Solomons?
To live comfortably in Solomons (zip 20688), Maryland, a minimum annual income of $87,120 for a family, and $78,800 for a single person is recommended.

What does A.I. say about Solomons?
The cost of living in 20688 Solomons, MD is relatively affordable. The median home price in the area is $289,400, which is well below the national average of $184,700. Renting a one-bedroom apartment costs an average of $1,270 per month while utilities typically cost around $165 a month. Groceries and other necessary items are also on the low side when compared to other areas in Maryland. The overall cost of living in this area is quite good, making it a great place for people on a budget or those who are looking for more affordable housing options.
   Cost of living score
     CategoriesSolomonsMarylandUnited States
  123.2111.8100.0
  106.9105.2100
  84.784.2100.0
  134.4124.1100.0
  $454,800$388,100$338,100
  108.5%105.6%100.0%
  146.4119.3100.0
  112.1112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime