Cost of Living in Pasadena, MD
Housing
The housing market plays a significant role in determining the cost of living in Pasadena, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $329,000
- Average Rent (2 BR Apartment): $2273 per month
- Average Rent (2 BR House): $2471 per month
Considering a move to Pasadena, MD? With a housing index of 119.8, it's apparent that the market is competitive, reflective of a growing demand. The median home price of 329000 suggests an affordability challenge for many buyers. Meanwhile, average rents stand at 2273 for a 2-bedroom apartment and 2471 for a 2-bedroom house, indicating a decent rental market for families and professionals. As the market evolves, comparing these figures with potential income opportunities is crucial for making an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Pasadena, 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 Pasadena, 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 Pasadena is a financially viable option for your relocation.