Cost of Living in Sykesville, MD
Housing
The housing market plays a significant role in determining the cost of living in Sykesville, MD.
- Housing Index: 119.8 / 100
- Median Home Price is: $482,500
- Average Rent (2 BR Apartment): $2085 per month
- Average Rent (2 BR House): $2267 per month
In analyzing data for Sykesville, MD, the housing index stands at 119.8, reflecting potentially favorable conditions for buyers, while the median home price is set at 482500, indicating a higher investment level for homeowners. It is worth noting that the lack of rental data, with an average rent for a 2BR apartment and house at 2085 and 2267 respectively, suggests limited rental options, possibly due to low inventory. Prospective movers should weigh these factors when considering their next steps in the Sykesville real estate market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sykesville, 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 Sykesville, 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 Sykesville is a financially viable option for your relocation.