Cost of Living in Randallstown, MD
Housing
The housing market plays a significant role in determining the cost of living in Randallstown, MD.
- Housing Index: Data is updating
- Median Home Price is: $335,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the current housing metrics in Randallstown, MD, the market appears to be somewhat unestablished as indicated by the housing index being 0. This can imply potential opportunities for affordability but also uncertainties in market stability. The median home price of 335000 suggests it's a moderate investment compared to national averages, which can vary by region. However, with an average rent for a 2-bedroom apartment at 0.0 and a house at 0.0, you may find compelling rental options before making a purchase. Researching local amenities and future growth plans is advisable.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Randallstown, 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.): Data is updating
Living in Randallstown, 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 data unavailable 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 Randallstown is a financially viable option for your relocation.