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: Data is updating
- Median Home Price is: $442,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
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.): Data is updating
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 data unavailable 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 College park is a financially viable option for your relocation.