Cost of Living in North beach, MD
Housing
The housing market plays a significant role in determining the cost of living in North beach, MD.
- Housing Index: 120.0 / 100
- Median Home Price is: $400,000
- Average Rent (2 BR Apartment): $1700 per month
- Average Rent (2 BR House): $1760 per month
In analyzing the real estate landscape of North beach, MD, the housing index of 120.0 signifies a moderately expensive market compared to national averages. The median home price of 400000 indicates a notable investment for homeowners. Meanwhile, average rents for a 2-bedroom apartment and house at 1700 and 1760, respectively, reflect competitive rental costs that may appeal to renters versus buyers. If considering a move, it's vital to weigh not just financial factors, but also the overall quality of life and amenities available in North beach.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in North beach, 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 North beach, 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 North beach is a financially viable option for your relocation.