Housing costs in Olney?
A typical home costs
$676,700, which is 100.1% more expensive than the national average of
$338,100 and 74.4% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Olney costs
$2,340 per month, which is 44.4% more than the national average of
$1,620 and 22.2% more than the state average of
$1,820.
Can I afford Olney?
To live comfortably in Olney (zip 20833), Maryland, a minimum annual income of
$129,600 for a family, and
$82,400 for a single person is recommended.
What does A.I. say about Olney?
The cost of living in Olney, MD 20833 is relatively high compared to other areas of Maryland. The overall cost of living index is 132.9, which is 32.9% higher than the national average. Housing costs are especially expensive, with median home costs at $484,400 and median rent prices at $2,395 per month. Grocery prices are comparable to those of nearby cities and states, but utilities such as electricity and gas are slightly higher than the US average. Overall, living in Olney can be expensive for most people but is well worth it due to the many amenities and attractions available in the area.