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Cost of Living in Severn, MD

Housing

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

  • Housing Index: Data is updating
  • Median Home Price is: $441000
  • Average Rent (2 BR Apartment): Data is updating
  • Average Rent (2 BR House): Data is updating

Considering a move to Severn, MD? The current housing scenario presents a unique opportunity. With a housing index of 0.0, the market appears static at the moment. The median home price is accessible at 441000, which may lead to favorable negotiations if you're looking to buy. However, an average rent for a 2-bedroom apartment and a house isn't provided, indicating a potential scarcity in rental options. Overall, evaluating your long-term housing needs and financial situation is crucial before making a decision in this market.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Severn, 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.): Data is updating

Living in Severn, 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 data unavailable 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 Severn is a financially viable option for your relocation.