Housing costs in Germantown?
A typical home costs
$749,600, which is 121.7% more expensive than the national average of
$338,100 and 93.1% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Germantown costs
$2,810 per month, which is 73.5% more than the national average of
$1,620 and 35.2% more than the state average of
$1,820.
Can I afford Germantown?
To live comfortably in Germantown (zip 20841), Maryland, a minimum annual income of
$143,640 for a family, and
$98,800 for a single person is recommended.
What does A.I. say about Germantown?
The cost of living in 20841 Germantown, MD is relatively high compared to the national average. The median home price in 20841 is $375,000, which is higher than the national median home price of $231,200. Additionally, the median household income is $95,857, which is above the national median of $61,937. Other costs such as groceries and utilities are also higher than the national averages. All in all, it can be said that 20841 Germantown has a higher cost of living than most areas across the United States.