Housing costs in Maryland?
A typical home costs
$190,200, which is 43.7% less expensive than the national average of
$338,100 and 54.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Maryland costs
$1,020 per month, which is 28.7% cheaper than the national average of
$1,430 and 92.2% cheaper than the state average of
$1,960.
Can I afford Maryland?
To live comfortably in Maryland (zip 12116), New York, a minimum annual income of
$36,360 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Maryland?
The cost of living in 12116 Maryland, NY is fairly high compared to the national average. The median home price for this area is around $140,000 which is much higher than the national median of just over $200,000. Additionally, the cost of groceries and dining out in this area are both higher than the national averages. Utility costs are also on par with the rest of New York state. This locality also has a higher than average sales tax rate, making it more expensive for residents to purchase goods and services. Although 12116 Maryland may be pricier than other localities, its close proximity to major cities like Washington D.C., Baltimore, and Philadelphia make it attractive to those looking for an accessible suburban lifestyle.