Housing costs in Georgetown?
A typical home costs
$346,000, which is 2.3% more expensive than the national average of
$338,100 and 10.8% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Georgetown costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 36.1% cheaper than the state average of
$1,620.
Can I afford Georgetown?
To live comfortably in Georgetown (zip 21930), Maryland, a minimum annual income of
$66,240 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Georgetown?
The cost of living in 21930 Georgetown, MD is relatively high compared to other parts of the country. According to BestPlaces, the cost of living index for Georgetown is rated a very high 148 out of 100, which is well above the national average. Housing costs are especially expensive with an index rating of 230 out of 100. That means that a home in Georgetown could cost on average more than double what it would cost elsewhere in the country. Other costs like groceries, transportation, and utilities are also higher than average but not as drastically so. All in all, living in Georgetown can be quite expensive.