Cost of Living in Fairplay, MD
Housing
The housing market plays a significant role in determining the cost of living in Fairplay, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $450,000
- Average Rent (2 BR Apartment): $1928 per month
- Average Rent (2 BR House): $2096 per month
Analyzing the real estate data for Fairplay, MD, we see that the housing index stands at 119.8, with a median home price of 450000. However, the average rent for both a 2-bedroom apartment and a 2-bedroom house is currently at 1928 and 2096, respectively, which suggests a potential rental market in flux. With a median home price at $450,000, prospective buyers need to assess their long-term financial goals. Overall, you may want to explore more data on neighborhood amenities and school quality, as they play a significant role in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairplay, 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 Fairplay, 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 Fairplay is a financially viable option for your relocation.