Cost of Living in Ridgely, MD
Housing
The housing market plays a significant role in determining the cost of living in Ridgely, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $288,000
- Average Rent (2 BR Apartment): $1928 per month
- Average Rent (2 BR House): $2096 per month
When considering a move to Ridgely, MD, the median home price of 288000 suggests a potentially affordable entry point for buyers, especially in the current market. However, the absence of data for the housing index, average rent for a 2-bedroom apartment, and house may indicate limited rental options or inconsistent market activity. It's essential to investigate further with local rental comparisons and regional trends before making a commitment. Consider not just the prices, but also the community amenities and overall cost of living for a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ridgely, 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 Ridgely, 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 Ridgely is a financially viable option for your relocation.