Quick facts: Aberdeen, MD

Quick Facts

105.0
Cost of Living
above US average
16,859
Population
28.53
Crime Rate per 1000
above US average
$74,555
Median Income
below US average
$340,000
Median House Price
above US average
$2275.47
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $74,555.

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Income Needed to Buy

βœ— Stretch
$107k/year
Based on $340,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $107k vs median $74,555
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Income Needed to Rent

⚠ Stretch
$98k/year
Based on $2275.47/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $98k vs median $74,555
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Aberdeen, MD

Aberdeen, Maryland, located in Harford County, is a small city with a rich history and a close-knit community feel. Situated near the Chesapeake Bay, it boasts a strategic location along the I-95 corridor, making it easily accessible to larger cities like Baltimore and Wilmington. With a population of approximately 16,000 residents, Aberdeen offers a blend of suburban living with vital connections to urban amenities. Key attractions include the Aberdeen Proving Ground, a major U.S. Army facility, which plays a significant role in the local economy. The city also features several parks, such as the scenic Ripken Stadium, named after baseball legend Cal Ripken Jr., which hosts minor league baseball games and community events. Aberdeen is known for its recreational opportunities, including walking trails, sports fields, and playgrounds, promoting an active lifestyle for families. The local school system provides educational opportunities that cater to the community’s needs. Overall, Aberdeen is a charming city that combines historical significance with modern conveniences, making it a great place to live and visit.

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