Cost of Living in Aberdeen, MD

Housing

The housing market plays a significant role in determining the cost of living in Aberdeen, MD.

• Housing Index: 110.0 / 100
• Median Home Price is: $350000
• Average Rent (2 BR Apartment): $1800 per month
• Average Rent (2 BR House): $1840 per month

Considering a move to Aberdeen, MD? With a housing index of 110.0, the market shows a slight premium above the national average. The current median home price stands at 350000, making ownership potentially feasible for many buyers. Renting a 2-bedroom apartment averages 1800 and a house slightly higher at 1840. Keep in mind, neighborhood amenities, schools, and proximity to work can further impact your decision. Assess these factors carefully to ensure your new home meets both your budget and lifestyle needs.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Aberdeen, 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.): $250 per month

Living in Aberdeen, 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 250 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $74555

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Aberdeen, MD, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.