Quick facts: Frostburg, MD

Quick Facts

114.1
Cost of Living
above US average
6,958
Population
2.44
Crime Rate per 1000
below US average
$44,658
Median Income
below US average
$80,000
Median House Price
above US average
$980.83
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $44,658.

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Income Needed to Buy

βœ“ Affordable
$25k/year
Based on $80,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($44,658) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $980.83/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($44,658) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Frostburg, MD

Frostburg, Maryland, is a charming small city located in Allegany County in the western part of the state. Nestled in the Appalachian Mountains, it offers picturesque landscapes and a rich historical backdrop. With a population of around 9,000 residents, Frostburg is known for its vibrant community and friendly atmosphere. The city is home to Frostburg State University, which contributes to its lively environment and educational opportunities. Outdoor enthusiasts can enjoy access to trails, parks, and nearby natural attractions, including the scenic Great Allegheny Passage, a popular trail for hiking and biking. Frostburg’s downtown area boasts a variety of local shops, cafes, and restaurants, reflecting the area's culture and history. The city hosts numerous events throughout the year, fostering a strong sense of community. Overall, Frostburg offers a blend of small-town charm, educational opportunities, and access to natural beauty, making it a delightful spot for both residents and visitors alike.

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