Cost of Living in College park, MD

Housing

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

• Housing Index: 0.0 / 100
• Median Home Price is: $442000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

Based on the data, moving to College park, MD could be an attractive option if you're seeking a youthful atmosphere, with a median age of only . The population of suggests a tight-knit community, though only 17% represent married families. With a median income of , residents earn above the national average, despite a poverty level of 10%. However, the unemployment rate stands at , which may be a consideration for job seekers. Overall, weighing these factors will provide insights into whether relocating aligns with your lifestyle preferences.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in College park, 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.): $0.0 per month

Living in College park, 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 0.0 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: 0.0

Median Income

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

• Median Income: $76973

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 College park, 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.