Housing costs in New Market?
A typical home costs
$512,700, which is 51.6% more expensive than the national average of
$338,100 and 32.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in New Market costs
$2,130 per month, which is 49.0% more than the national average of
$1,430 and 23.9% more than the state average of
$1,620.
Can I afford New Market?
To live comfortably in New Market, Maryland, a minimum annual income of
$98,280 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about New Market?
New Market, MD is an affordable place to live, with a cost of living that is well below the national average. The median home value in New Market is $246,400, which is significantly lower than the Maryland average of $314,000. Additionally, grocery and health care costs are both lower than average in New Market. Housing and transportation expenses are also relatively low compared with other parts of the state. All in all, New Market is an affordable option for those looking for a great place to live without breaking their budgets.