Cost of living in Gaithersburg
Gaithersburg, located in Maryland, is a vibrant city known for its diverse community and proximity to Washington, D.C. Understanding the cost of living in Gaithersburg is crucial for anyone considering moving to or residing in the area.
This guide provides a detailed breakdown of various expenses, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18.75 on average, with a range between $15 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $87.5, with prices ranging from $60 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $8 and $20.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $6 to $7, imported beer $5 to $9, cappuccino $4 to $10, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.58 per liter, averaging $1.07.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $5.51, with an average price of $3.71.
- Eggs (Dozen) - A dozen eggs range from $2 to $6.99, averaging $3.15.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $6.61 per kg, while oranges range from $3.5 to $7.72 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.32 and $4.41 per kg, and lettuce costs $0.99 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.75 and $5, with a monthly pass priced between $88 and $150.
- Fuel (Gasoline) - Gasoline is priced between $0.78 and $1.05 per liter.
- Taxi Fares - Taxi fares start at $5, with a cost of $3 per km and $35 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1800.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1650.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2200.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2400.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2475.7.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $2583.34.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $103.53 and $400, averaging $209.51.
- Internet - Internet services range from $79 to $90, with an average cost of $79.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Gaithersburg offers a moderate cost of living with housing prices that are relatively high compared to other expenses.
Dining out can be affordable, especially at casual restaurants, while transportation costs are manageable with public transit options.
Grocery prices vary, with some items like milk and bread being quite affordable, while others like fruits and vegetables can be more expensive.
Conclusion
In conclusion, Gaithersburg presents a balanced cost of living with a mix of affordable and higher-priced elements.
Potential residents should consider housing and transportation as significant factors in their budget planning.
Overall, Gaithersburg offers a comfortable lifestyle with access to amenities and services, making it an attractive place to live.