Cost of Living in Westover, MD
Housing
The housing market plays a significant role in determining the cost of living in Westover, 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 Westover, MD? The housing index at 119.8, specifically 112.0, indicates a moderately competitive market. With a median home price of 225000, currently pegged at $225,000, buying a home may be financially attractive for many compared to the rental costs. The average monthly rent for a 2-bedroom apartment sits at 1928, which is $1,600, while a house offers similar costs at 2096, or $1,640. Evaluating these figures will help you to determine if purchasing or renting aligns with your financial goals and lifestyle before deciding on this new adventure.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Westover, 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 Westover, 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 Westover is a financially viable option for your relocation.