Cost of Living in Greenbelt, MD

Housing

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

• Housing Index: 115.0 / 100
• Median Home Price is: $440000
• Average Rent (2 BR Apartment): $2000 per month
• Average Rent (2 BR House): $2060 per month

Considering a move to Greenbelt, MD? With a housing index of 115.0, affordability might be a concern, especially with the median home price at 440000. The average rent for a 2-bedroom apartment is 2000, while renting a two-bedroom house costs slightly more at 2060. Although this city offers conveniences and amenities, prospective residents should closely evaluate their budget and explore alternative neighborhoods that may offer more competitive pricing. Keep in mind the long-term value of home ownership in relation to rental expenses, especially in a growing market.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Greenbelt, 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 Greenbelt, 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: 110.8

Median Income

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

• Median Income: $82019

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 Greenbelt, 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.