Housing costs in Towson?
A typical home costs
$522,500, which is 54.5% more expensive than the national average of
$338,100 and 34.6% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Towson costs
$2,000 per month, which is 23.5% more than the national average of
$1,620 and 22.5% more than the state average of
$1,550.
Can I afford Towson?
To live comfortably in Towson (zip 21204), Maryland, a minimum annual income of
$100,080 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Towson?
The cost of living in 21204 Towson, MD is quite high compared to the rest of the United States. According to the latest figures from Sperling's BestPlaces, the overall cost of living index in Towson is 134, which is 34% higher than the national average. Housing costs alone make up a significant portion of the total cost of living in this area, as it has a median home value of $317,400 and monthly rent on a two-bedroom apartment averages $1,494. Additionally, food and transportation costs for those living in this zip code are also much higher than elsewhere due to its proximity to Baltimore City and Washington D.C., with both cities boasting some of the most expensive prices in the nation. With all these factors taken into account, it is no surprise that Towson is one of the more expensive places to live in Maryland.