Cost of Living in Montgomery village, MD
Housing
The housing market plays a significant role in determining the cost of living in Montgomery village, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $515,000
- Average Rent (2 BR Apartment): $2231 per month
- Average Rent (2 BR House): $2425 per month
Considering a move to Montgomery village, MD? The current median home price stands at 515000, indicating a potentially strong real estate market. However, the absence of data for the housing index and average rental prices for both 2BR apartments and houses may suggest a unique or developing market. It's essential to research local amenities, schools, and community plans, as these can significantly influence housing demand and prices. Evaluate your budget meticulously to gauge affordability—especially since homeownership may come at a premium in this area. Make your move informed and strategic!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montgomery village, 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 Montgomery village, 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 Montgomery village is a financially viable option for your relocation.