Cost of Living in Bowie, MD
Housing
The housing market plays a significant role in determining the cost of living in Bowie, MD.
- Housing Index: 125.0 / 100
- Median Home Price is: $425,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2330 per month
When considering a move to Bowie, MD, it's important to evaluate the housing dynamics. With a housing index of 125.0, it signals a higher cost of living relative to other locations. The median home price stands at 425000, suggesting a competitive market for homebuyers. Additionally, average rents for a 2-bedroom apartment and house are quite similar at 2300 and 2330, respectively. This feeds into the increasing demand for rental properties. Overall, weigh your budget against these factors to determine if the lifestyle in Bowie aligns with your expectations and financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bowie, 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 Bowie, 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 Bowie is a financially viable option for your relocation.