Cost of Living: New york, NY vs Severna park, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New york | Severna park |
|---|---|---|
| Housing Index | 125.0 | 120.5 |
| Median Home Price | $800,000 | $476,000 |
| Average Rent (2 BR Apartment) | $2800 | $2200 |
| Average Rent (2 BR House) | $2880 | $2245 |
Housing Comparison: New york vs Severna park
- In New york, the median home price is higher at $800,000, while in Severna park it is $476,000.
- Renting a two-bedroom apartment costs more in New york at $2,800 than in Severna park at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New york | Severna park |
|---|---|---|
| Electricity Price | $26.08 | $17.41 |
| Natural Gas Price | $18.13 | $18.44 |
| Other Utilities | $250 | $280 |
Utilities Comparison: New york vs Severna park
- Electricity costs are higher in New york at $26.08 per kWh, compared to $17.41 in Severna park.
- Severna park experiences higher natural gas costs at $18.44 per unit, with costs at $18.13 in New york.
- Severna park has higher utility expenses, averaging $280, while New york averages $250.