Housing costs in Milford Mill?
A typical home costs
$262,400, which is 22.4% less expensive than the national average of
$338,100 and 32.4% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Milford Mill costs
$1,620 per month, which is 0.0% cheaper than the national average of
$1,620 and 4.3% more than the state average of
$1,550.
Can I afford Milford Mill?
To live comfortably in Milford Mill (zip 21244), Maryland, a minimum annual income of
$50,400 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Milford Mill?
The cost of living in 21244 Milford Mill, MD is generally considered to be higher than the national average due to its proximity to larger cities like Baltimore and Washington D.C. The median home value for the area is around $279,000 which is considerably more expensive than the national average of $231,200. Renting a one-bedroom apartment in the area will cost roughly $1,360 per month while the national median rent is roughly $1,000 per month. Grocery prices are slightly higher than average as well, with basic items costing about 8% above the national mean. However, certain goods and services like health care costs are fairly affordable since there are many quality healthcare options at reasonable rates in the area.