Cost of Living in Nanticoke, MD
Housing
The housing market plays a significant role in determining the cost of living in Nanticoke, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $192,500
- Average Rent (2 BR Apartment): $1928 per month
- Average Rent (2 BR House): $2096 per month
When considering a move to Nanticoke, MD, the housing index is reported at 119.8, indicating possible stability or limited availability. The median home price is relatively affordable at 192500, offering promising opportunities for buyers. However, the absence of rental data for two-bedroom apartments and houses at 1928 and 2096 suggests that the rental market may be underdeveloped or fluctuating. Keep in mind that market conditions can shift, and it's wise to monitor trends in both rentals and purchases before making decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Nanticoke, 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.): $252 per month
Living in Nanticoke, 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 $252 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 Nanticoke is a financially viable option for your relocation.