Cost of Living in Rosedale, MD

Housing

The housing market plays a significant role in determining the cost of living in Rosedale, MD.

• Housing Index: 120.0 / 100
• Median Home Price is: $295000
• Average Rent (2 BR Apartment): $1900 per month
• Average Rent (2 BR House): $2000 per month

When considering a move to Rosedale, MD, it's essential to evaluate the housing market indicators. With a housing index of 120.0, the area is slightly above the national average, indicating a generally competitive market. The median home price stands at 295000, which could represent a solid investment if property values appreciate. Additionally, renting options are available with average rent for a 2-bedroom apartment at 1900 and a 2-bedroom house at 2000. It's wise to weigh your home-buying aspirations against these rental costs, as well as additional factors like community amenities and local job markets.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rosedale, 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 Rosedale, 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.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $81297

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Rosedale, MD, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.