Cost of Living in Middle river, MD
Housing
The housing market plays a significant role in determining the cost of living in Middle river, MD.
- Housing Index: 120.0 / 100
- Median Home Price is: $360000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
Considering the data for Middle river, MD, it's evident that the housing index is relatively high at 120.0, suggesting that housing costs may be above the national average. With a median home price of 360000, purchasing a home could be a significant investment. The average rent for a 2-bedroom apartment is 1800, while a 2-bedroom house averages 1920. Those contemplating a move should weigh the costs against the benefits of home ownership versus renting. Moreover, consider job opportunities and quality of life, which could impact your decision significantly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Middle river, 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 Middle river, 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 Middle river is a financially viable option for your relocation.