Cost of Living in Chestertown, MD
Housing
The housing market plays a significant role in determining the cost of living in Chestertown, MD.
- Housing Index: 115.0 / 100
- Median Home Price is: $375,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
When considering a move to Chestertown, MD, the housing environment appears competitive with a housing index of 115.0. The median home price stands at 375000, which reflects a robust market. For renters, average costs are relatively high, with the average rent for a 2-bedroom apartment at 1800 and for a 2-bedroom house at 1840. Keep in mind that local amenities, schools, and commute times can significantly influence your decision. Overall, it's essential to weigh these financial factors against your lifestyle needs before making the leap.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Chestertown, MD.
- Electricity Price: $17.41 USD (median by state)
- Natural Gas Price: $18.44 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Chestertown, MD could entail higher utility costs. Electricity costs sit at $17.41, while natural gas is priced at $18.44 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Chestertown is a financially viable option for your relocation.