Washington-Arlington-Alexandria, MD vs Somerset County, MD
A 2-bedroom in Somerset County costs $1,079 less per month than Washington-Arlington-Alexandria ($1,167 vs $2,246). Median income is $123,896 in Washington-Arlington-Alexandria and $52,462 in Somerset County. That's a difference of $12,948 per year in housing costs.
Side-by-Side Comparison
| Metric | Washington-Arlington-Alexandria | Somerset County |
|---|---|---|
| Studio FMR | $1,953 | $901 |
| 1BR FMR | $2,015 | $907 |
| 2BR FMR | $2,246 | $1,167 |
| 3BR FMR | $2,835 | $1,586 |
| 4BR FMR | $3,332 | $1,667 |
| Median Income | $123,896 | $52,462 |
| Rent Burden | 21.8% | 26.7% |
| Actual Median Rent | $1,975 | $938 |
| Median Home Value | $553,000 | $164,300 |
| Population | 6.3M | 25K |
| Renter % | 36.5% | 31.2% |
| Vacancy Rate | 5.4% | 24% |
| Poverty Rate | 7.9% | 20.1% |
| Unemployment | - | 3.9% |
| YoY Change | +9.8% | +6.1% |
| Min Wage | $15.00/hr | $15.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Somerset County, MD is more affordable with a 2BR FMR of $1,167/mo, which is $1,079 less than Washington-Arlington-Alexandria at $2,246/mo. However, when considering local incomes, Washington-Arlington-Alexandria has a rent burden of 21.8% vs 26.7% in Somerset County.
A 2-bedroom in Washington-Arlington-Alexandria, MD costs $2,246/mo at Fair Market Rent, while in Somerset County, MD it's $1,167/mo, a difference of $1,079/mo or $12,948/year.
To afford a 2BR without spending more than 30% of income on rent: Washington-Arlington-Alexandria requires $89,840/year ($43/hr). Somerset County requires $46,680/year ($22/hr).