Cost of Living: Luray, VA vs Severna park, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Luray | Severna park |
|---|---|---|
| Housing Index | 95.0 | 120.5 |
| Median Home Price | $261,000 | $476,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1360 | $2245 |
Housing Comparison: Luray vs Severna park
- The median home price in Severna park is higher at $476,000, compared to $261,000 in Luray.
- In Severna park, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Luray.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Luray | Severna park |
|---|---|---|
| Electricity Price | $15.31 | $17.41 |
| Natural Gas Price | $19.91 | $18.44 |
| Other Utilities | $240 | $280 |
Utilities Comparison: Luray vs Severna park
- Severna park has higher electricity costs at $17.41 per kWh, versus $15.31 in Luray.
- Natural gas is more expensive in Luray at $19.91 per unit, while it is cheaper at $18.44 in Severna park.
- Severna park has higher utility expenses, averaging $280, while Luray averages $240.