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: $440,000
- 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 Greenbelt is a financially viable option for your relocation.