Cost of Living in Preston, MD
Housing
The housing market plays a significant role in determining the cost of living in Preston, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $225,000
- Average Rent (2 BR Apartment): $1928 per month
- Average Rent (2 BR House): $2096 per month
Considering a move to Preston, MD? The housing market shows a median home price of 225000, making it potentially affordable compared to more expensive regions. However, the housing index at 119.8 suggests that rental options are currently nonexistent with both the average rent for a 2BR apartment and house sitting at 1928 and 2096 respectively. This creates an intriguing opportunity for potential homebuyers; investing in a property might offer greater long-term financial stability than renting in the current state of this market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Preston, 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 Preston, 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 Preston is a financially viable option for your relocation.