Aspen Hill MD - Cost Of Living
So if you thought about being somewhere in the DMV that's going to be nice and close to a lot of different things, then Aspen Hill might be a great place for you to check out. 53,000 people, easy access to a bunch of major roadways, whether you're just trying to get around the DMV or get directly down into Washington DC, and it's close to the Red Line Metro as well. So if that sounds appealing, you might want to think about Aspen Hill. Keep reading to learn more about Aspen Hill, MD and the Cost of living there.
Time for niche.com rankings. Aspen Hill is the number three place when it comes to most diverse suburbs. Number three when it comes to most diverse places and the number 50 suburbs when it comes to best public schools. When it comes to transportation and access, you're going to have Georgia Ave and Connecticut Ave that both run right through Aspen Hill, these two roadways will take you directly into Washington DC. You can also take Georgia Ave North and jump on Inner County Connector 200, and you can take both of these roadways down to 495, the Capital Beltway. When it comes to public transit you do have the ride on bus system that takes you all throughout Montgomery County. And the closest Metro is going to be the Glenmont Station, that is the Red Line. And it's approximately about a 35 minute jot down to DuPont Circle. And based on what time of day it is, it can run you about four to six bucks. If it's one of those on peak hours, it's going to be close to $6 for the ride. And if it's non peak hours, those off peak hours, it's probably going to be in that 3.50 To $4 range.
When it comes to working, the medium household income is just over $87,000, which is about $25,000 over the national average. The median individual income is at $34,000, which is a couple grand higher than a national average there. When it comes to places to work in Aspen Hill, probably the biggest employer is going to be Home Depot. But the one thing that is good with the location of Aspen Hill is you're in close proximity to Rockville, Silver Spring, Washington, DC, obviously. So you're going to have plenty of options and plenty of ways to get to and from work if it's not right in Aspen Hill, based on all of the transportation roadways and also the public transit access that you do have there.
When it comes to your grocery shopping there are two giant food grocery stores. We have Aldi's at Plaza del Mercado. Lotte Plaza Market is over an Aspen Manor. When it comes to your retail shopping needs, you're going to have Aspen Hill Shopping Center, over there there's like an Xfinity store, there's a liquor store, Five Below, CVS. You have Northgate Plaza as well. There's a Kohl's over there, Dollar Place, which is like a dollar store, Michael's and a Walgreens.
When it comes to real estate and where people live, Aspen Hill is a dense suburban population. Median home values are $423,000, which puts you know, 200,000 plus dollars over the national average median rent is just shy of $1,700, whereas the national average there is just over $1,000. Housing expenses and living in Aspen Hill, it ain't cheap on that national scale there. With that being the case, 66% of the residents in Aspen Hill are homeowners. Speaking of real estate, let's talk property taxes now. The average county tax rate is going to be 0.94%, with the average median household being in that $423,000 price range. Your average annual tax rates are going to be about $4,000 per year. These numbers are just fictional and made up and I'm just utilizing the percentages and the averages here. So make sure before you purchase a house, you contact the tax assessor's office to see exactly what your tax rate would be on a property in Aspen Hill.
If you want more on Aspen Hill, I got a whole video that's just Aspen Hill, MD specific, so go check that out. And stay tuned for more videos on Aspen Hill to come in the near future here.