Cost of Living in Hyattsville, MD
Housing
The housing market plays a significant role in determining the cost of living in Hyattsville, MD.
- Housing Index: 120.0 / 100
- Median Home Price is: $347,000
- Average Rent (2 BR Apartment): $1725 per month
- Average Rent (2 BR House): $1875 per month
When considering a move to Hyattsville, MD, the housing market shows a housing index of 120.0, indicating it's more costly than the national average. The median home price stands at 347000, suggesting buyers need to prepare for a significant investment. Renting options are available, with an average rent of 1725 for a 2-bedroom apartment and 1875 for a 2-bedroom house. This area’s cost of living could be higher than previous dwellings; potential movers should weigh these expenses against local salaries and quality of life to make informed decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hyattsville, 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.): $250 per month
Living in Hyattsville, 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 $250 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 Hyattsville is a financially viable option for your relocation.