Housing costs in Coltons Point?
A typical home costs
$377,300, which is 11.6% more expensive than the national average of
$338,100 and 2.8% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Coltons Point costs
$1,600 per month, which is 11.9% more than the national average of
$1,430 and close to the state average of
$1,620.
Can I afford Coltons Point?
To live comfortably in Coltons Point (zip 20626), Maryland, a minimum annual income of
$72,360 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Coltons Point?
The cost of living in 20626 Coltons Point, MD is slightly above the national average. According to BestPlaces, the overall cost of living index for the area is 113.2, with groceries, housing, and utilities all costing slightly more than other parts of the country. The median home price in Coltons Point is $259,800 and a monthly rent of around $1,600. In terms of utilities, electricity averages $124/month and water billing costs an average of $30/month. The cost for eating out at restaurants in Coltons Point is also higher than the national average. However, these rates are tempered by generally lower taxes both on goods sold and income earned in Maryland as compared to other states.