Cost of Living: Severna park, MD vs Lovell, ME
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Severna park | Lovell |
|---|---|---|
| Housing Index | 120.5 | Data is updating |
| Median Home Price | $476,000 | $308,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2245 | $Data is updating |
Housing Comparison: Severna park vs Lovell
- In Severna park, the median home price is higher at $476,000, while in Lovell it is $308,000.
- The rent for a two-bedroom apartment is equal in both Severna park and Lovell 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 | Severna park | Lovell |
|---|---|---|
| Electricity Price | $17.41 | $22.26 |
| Natural Gas Price | $18.44 | $21.63 |
| Other Utilities | $280 | $Data is updating |
Utilities Comparison: Severna park vs Lovell
- Lovell has higher electricity costs at $22.26 per kWh, versus $17.41 in Severna park.
- Lovell experiences higher natural gas costs at $21.63 per unit, with costs at $18.44 in Severna park.
- Utility expenses are equal in both Severna park and Lovell averaging $280.