Cost of Living in Lutherville timonium, MD
Housing
The housing market plays a significant role in determining the cost of living in Lutherville timonium, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1837 per month
- Average Rent (2 BR House): $1996 per month
When considering a move to Lutherville timonium, MD, the current housing data presents an unusual scenario with a housing index of 119.8, alongside a median home price of 0 and average rents for both 2-bedroom apartments at 1837 and houses at 1996 showing zero. This drastic situation could imply potential economic challenges or shifts in the local market. Prospective residents should further explore local employment opportunities, cost of living, and community amenities before making a decision, as these factors are crucial for long-term satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lutherville timonium, 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 Lutherville timonium, 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 Lutherville timonium is a financially viable option for your relocation.