Cost of Living in Betterton, MD
Housing
The housing market plays a significant role in determining the cost of living in Betterton, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $266,000
- Average Rent (2 BR Apartment): $1928 per month
- Average Rent (2 BR House): $2096 per month
Based on the data for Betterton, MD, the housing market appears to be favorable for buyers, with a median home price of 266000. However, it is essential to note that the housing index and the rents for both 2BR apartments and houses are currently at zero, which may indicate limited rental availability or market activity. This could present unique opportunities for buyers looking to secure a home without the immediate concern of rental competition. Consider exploring local market trends and neighborhood amenities to make an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Betterton, 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.): $252 per month
Living in Betterton, 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 $252 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 Betterton is a financially viable option for your relocation.