Cost of Living in Westminster, MD
Housing
The housing market plays a significant role in determining the cost of living in Westminster, MD.
- Housing Index: 110.0 / 100
- Median Home Price is: $375,000
- Average Rent (2 BR Apartment): $1850 per month
- Average Rent (2 BR House): $1920 per month
Considering a move to Westminster, MD? The housing index of 110.0 indicates a relatively high cost of living. With a median home price of 375000, prospective buyers may need to plan their budgets carefully. Renting options also reflect this trend; the average rent for a 2-bedroom apartment is 1850, while a 2-bedroom house averages 1920. If you're seeking affordability, it's pivotal to assess your options, as the local job market and amenities might also influence your overall living expenses significantly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Westminster, 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 Westminster, 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 Westminster is a financially viable option for your relocation.