Cost of Living in Elkridge, MD
Housing
The housing market plays a significant role in determining the cost of living in Elkridge, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $410,000
- Average Rent (2 BR Apartment): $2203 per month
- Average Rent (2 BR House): $2395 per month
Considering a move to Elkridge, MD? With a housing index of 119.8, it indicates that the cost of living is above the national average. The median home price of 410000 and average rent for a 2-bedroom apartment at 2203 suggest that you will need a robust budget to secure housing here. Additionally, renting a 2-bedroom house at 2395 reflects a competitive rental market. When evaluating your decision, consider amenities, lifestyle, and potential job opportunities in this thriving area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Elkridge, 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 Elkridge, 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 Elkridge is a financially viable option for your relocation.