Cost of Living in Fort washington, MD
Housing
The housing market plays a significant role in determining the cost of living in Fort washington, MD.
- Housing Index: 120.5 / 100
- Median Home Price is: $400,000
- Average Rent (2 BR Apartment): $1900 per month
- Average Rent (2 BR House): $1950 per month
Considering the data for Fort washington, MD, the housing index stands at 120.5, signaling a relatively competitive market. The median home price of 400000 indicates that purchasing property could be costly. Renters should prepare for an average 2-bedroom apartment rent of 1900 and a 2-bedroom house at 1950, which are both considerable monthly expenses. Local amenities, schools, and job opportunities will also factor into your decision. Prepare a budget that aligns with local costs, and crucially, assess how the overall market aligns with your long-term living goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort washington, 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 Fort washington, 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 Fort washington is a financially viable option for your relocation.