Housing costs in Clements?
A typical home costs
$398,500, which is 17.9% more expensive than the national average of
$338,100 and 2.7% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Clements costs
$1,550 per month, which is 8.4% more than the national average of
$1,430 and 4.5% cheaper than the state average of
$1,620.
Can I afford Clements?
To live comfortably in Clements (zip 20624), Maryland, a minimum annual income of
$76,320 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Clements?
The cost of living in 20624 Clements, MD is significantly higher than the national average. The median household income is $123,894, which is more than double the national median of $57,652. Additionally, the median home value in 20624 Clements is $505,300, which is more than twice the national average of $229,700. Renters can expect to pay on average more than double the national rate for apartments and other rental units. Property taxes are also higher than average in 20624 Clements. All these factors combine to make living in this area relatively expensive compared to other areas of Maryland and the United States as a whole.