Cost of Living in Denton, MD
Housing
The housing market plays a significant role in determining the cost of living in Denton, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $358,000
- Average Rent (2 BR Apartment): $1928 per month
- Average Rent (2 BR House): $2096 per month
When considering a move to Denton, MD, it's essential to note the current housing index of 119.8—indicating above-average housing costs compared to national norms. The median home price of 358000 suggests that buyers might face a competitive market. Renting is also pricey, with an average rent of 1928 for a 2-bedroom apartment and 2096 for a 2-bedroom house. If your budget allows, investing in housing here could be beneficial, but carefully evaluate your financial situation and long-term goals before deciding to relocate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Denton, 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 Denton, 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 Denton is a financially viable option for your relocation.