Zip 20603 (Waldorf, MD) Cost of Living


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How much do I need to live in Waldorf, Maryland?
$6,960 / month
for a family, 28.9% more expensive than the national average A total of $83,520 for the year for a family.
$5,467 / month
for a single person, 14.7% more expensive than the national average A total of $65,600 for the year for a single person.

Waldorf cost of living score
115.4
More expensive
15.4% higher
than the US average
3.2% higher
than the Maryland average
Waldorf (zip 20603), Maryland gets a BestPlaces Cost of Living score of 115.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.4% higher than the U.S. average and 3.2% lower than the average for Maryland.

Zip 20603 (Waldorf, MD)

Housing costs in Waldorf?
A typical home costs $436,700, which is 29.2% more expensive than the national average of $338,100 and 12.5% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Waldorf costs $1,870 per month, which is 15.4% more than the national average of $1,620 and 2.7% more than the state average of $1,820.

Can I afford Waldorf?
To live comfortably in Waldorf (zip 20603), Maryland, a minimum annual income of $83,520 for a family, and $65,600 for a single person is recommended.

What does A.I. say about Waldorf?
The cost of living in 20603 Waldorf, MD is higher than the national average. The median home value is $306,000, which is significantly higher than the national median value of $184,700. Additionally, the median household income is $82,454, much higher than the national median of $55,322. The high cost of housing and other essentials such as food and utilities means that it can be difficult to live comfortably in Waldorf without a steady source of income.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWaldorfMarylandUnited States
    Unlock111.8100.0
  108.2  Unlock100.0
    Unlock84.2100.0
  138.6  Unlock100.0
    Unlock$388,100$338,100
  106.0  Unlock100.0
    Unlock119.3100.0
  115.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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