Cost of Living in Essex, MD
Housing
The housing market plays a significant role in determining the cost of living in Essex, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $351,000
- Average Rent (2 BR Apartment): $1720 per month
- Average Rent (2 BR House): $1870 per month
Considering a move to Essex, MD? With a median home price of 351000, the area may present an affordable opportunity for homeownership. However, the housing index at 119.8 alongside the absence of rental data suggests a potential lack of apartments or houses available for rent, given that both the average rent for a 2BR apartment and house are listed as zero. It's advisable to explore the local housing market further to ensure there are suitable living options before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Essex, 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 Essex, 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 Essex is a financially viable option for your relocation.