Cost of Living in Rockville, MD
Housing
The housing market plays a significant role in determining the cost of living in Rockville, MD.
- Housing Index: 125.6 / 100
- Median Home Price is: $503000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2245 per month
Considering a move to Rockville, MD? The housing index stands at 125.6, indicating a relatively competitive market. With a median home price of 503000, homeowners might find themselves investing considerably. For renters, the average costs are noteworthy, with 2200 for a 2-bedroom apartment and 2245 for a 2-bedroom house. Balancing your budget and lifestyle preferences is key here. Additionally, Rockville boasts a rich community and a variety of amenities, making it a desirable location despite the costs associated with housing.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rockville, 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 Rockville, 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 Rockville is a financially viable option for your relocation.