Cost of Living in Joppa, MD
Housing
The housing market plays a significant role in determining the cost of living in Joppa, MD.
- Housing Index: 120.0 / 100
- Median Home Price is: $360,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1880 per month
When considering a move to Joppa, MD, the housing landscape reveals a high housing index of 120.0, indicating the market is above the national average. With a median home price of 360000, purchasing a home could be a considerable investment. Alternatively, renting options average 1800 for a 2-bedroom apartment or 1880 for a 2-bedroom house, which may influence your decision based on budget. Note that the local economy and amenities can also significantly impact your living experience and overall cost of living.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Joppa, 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 Joppa, 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 Joppa is a financially viable option for your relocation.