Quick facts: Betterton, MD

Quick Facts

114.1
Cost of Living
above US average
285
Population
87.72
Crime Rate per 1000
above US average
$62,750
Median Income
below US average
$329,500
Median House Price
above US average
$1928
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below 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 $62,750.

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Income Needed to Buy

βœ— Stretch
$103k/year
Based on $329,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $103k vs median $62,750
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1928/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $62,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Betterton, MD

Betterton is a quaint, small town located in Kent County, Maryland, nestled along the eastern shore of the Chesapeake Bay. Known for its charming beach and scenic waterfront, Betterton offers a picturesque setting for visitors and residents alike. The town boasts a population of around 300 people, providing a tight-knit community atmosphere. Betterton Beach is a central attraction, where sunbathers and families gather in the summer months. The beach is perfect for leisurely strolls, picnicking, and enjoying stunning sunset views over the bay. Outdoor enthusiasts can explore nearby parks and hiking trails in Kent County, offering opportunities for birdwatching, biking, and nature walks. The town has a rich history, with roots dating back to the 19th century, and features well-preserved architecture that reflects its storied past. Small, locally-owned shops and restaurants contribute to the town's charm, providing a cozy, welcoming environment. Overall, Betterton serves as a peaceful retreat for those looking to escape the hustle and bustle of larger cities, offering both tranquility and opportunities for recreational activities.

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