Cost of living in Lexington Park
Lexington Park, located in Maryland, United States, offers a unique blend of suburban and rural living. Understanding the cost of living in this area is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses in Lexington Park, including dining, groceries, transportation, housing, and utilities, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $30 on average, with a range between $18 and $60.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $120, with prices ranging from $75 to $180.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $16.5, with a range between $13 and $20.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 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 $2 per liter, averaging $1.07.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $5, with an average price of $3.71.
- Eggs (Dozen) - A dozen eggs range from $2 to $5.59, averaging $3.15.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $6.61 per kg, while oranges range from $4.39 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.18 and $4.41 per kg, and lettuce costs $0.99 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.78 and $1.02 per liter.
- Car Purchase (e.g., Volkswagen Golf, Toyota Corolla) - A new Volkswagen Golf costs between $39,000 and $50,000, while a Toyota Corolla ranges from $20,425 to $25,953.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $1,500 and $2,000 monthly.
- International Primary School, Yearly for 1 Child - Yearly tuition for international primary school is $24,000.
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 $40 to $100, with an average cost of $72.5.
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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Transportation
Transportation
Utilities (Monthly)
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Sports And Leisure
Sports And Leisure
Clothing And Shoes
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Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Lexington Park presents a moderate cost of living with relatively high dining and transportation costs. Housing and utilities are also significant expenses.
For those looking to save, consider exploring more affordable dining options and utilizing public transportation where possible.
Conclusion
In conclusion, Lexington Park offers a balanced lifestyle with a moderate cost of living. While some expenses like dining and transportation can be on the higher side, careful budgeting can help manage these costs effectively.
Whether you're planning to move or already reside in Lexington Park, understanding these expenses will aid in making informed financial decisions.