The housing market plays a significant role in determining the cost of living in Hyattsville, MD.
When considering a move to Hyattsville, MD, the housing market shows a housing index of 120.0, indicating it's more costly than the national average. The median home price stands at 347000, suggesting buyers need to prepare for a significant investment. Renting options are available, with an average rent of 1800 for a 2-bedroom apartment and 1920 for a 2-bedroom house. This area’s cost of living could be higher than previous dwellings; potential movers should weigh these expenses against local salaries and quality of life to make informed decisions.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hyattsville, MD.
Living in Hyattsville, 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.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Hyattsville, MD, consider the following factors: