Cost of Living in Frederick, MD
Housing
The housing market plays a significant role in determining the cost of living in Frederick, MD.
- Housing Index: 120.0 / 100
- Median Home Price is: $392,000
- Average Rent (2 BR Apartment): $2100 per month
- Average Rent (2 BR House): $2150 per month
When considering a move to Frederick, MD, the housing index of 120.0 indicates that it’s slightly above the national average, suggesting a competitive market. The median home price of 392000 means potential buyers should prepare for a significant investment. Renters have options, with the average rent for a 2-bedroom apartment sitting at 2100 and a 2-bedroom house slightly higher at 2150. Overall, if you prioritize rental flexibility or plan to invest in a property, understanding these factors can aid in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Frederick, 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 Frederick, 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 Frederick is a financially viable option for your relocation.