Cost of Living: Red bay, AL vs Severn, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red bay | Severn |
|---|---|---|
| Housing Index | 90.0 | Data is updating |
| Median Home Price | $167,000 | $441,000 |
| Average Rent (2 BR Apartment) | $960 | $Data is updating |
| Average Rent (2 BR House) | $992 | $Data is updating |
Housing Comparison: Red bay vs Severn
- The median home price in Severn is higher at $441,000, compared to $167,000 in Red bay.
- The rent for a two-bedroom apartment is equal in both Red bay and Severn at $960.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Red bay | Severn |
|---|---|---|
| Electricity Price | $15.03 | $17.41 |
| Natural Gas Price | $21.76 | $18.44 |
| Other Utilities | $220 | $Data is updating |
Utilities Comparison: Red bay vs Severn
- Severn has higher electricity costs at $17.41 per kWh, versus $15.03 in Red bay.
- Natural gas is more expensive in Red bay at $21.76 per unit, while it is cheaper at $18.44 in Severn.
- Utility expenses are equal in both Red bay and Severn averaging $220.