Housing costs in Hancock?
A typical home costs
$193,800, which is 42.7% less expensive than the national average of
$338,100 and 50.1% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Hancock costs
$870 per month, which is 46.3% cheaper than the national average of
$1,620 and 24.1% cheaper than the state average of
$1,080.
Can I afford Hancock?
To live comfortably in Hancock (zip 21750), Maryland, a minimum annual income of
$37,080 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Hancock?
The cost of living in 21750 Hancock, MD is very reasonable. The median home value is $155,200 which is slightly lower than the national average. The median rent is also quite low at around $715 per month. Utilities are reasonably priced as well and the overall cost of living index for the town is just under 90. This indicates that 21750 Hancock offers an affordable option for those looking to move to a smaller, rural Maryland town.