Cost of living in Owings Mills
Owings Mills, located in Maryland, is a vibrant community known for its suburban charm and proximity to Baltimore. Understanding the cost of living in Owings Mills is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses in Owings Mills, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $12.36 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $77.5, with prices ranging from $50 to $130.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3 to $10, imported beer $5 to $12, cappuccino $3.5 to $8, and Coke/Pepsi $1.5 to $4.
Grocery Prices
- Milk - Milk is priced between $0.53 and $1.85 per liter, averaging $1.08.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $7.17, with an average price of $3.78.
- Eggs (Dozen) - A dozen eggs range from $1.5 to $5.99, averaging $3.89.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $11.02 per kg, while oranges range from $2.18 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.98 and $6.61 per kg, and lettuce costs $1.5 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.78 and $1.02 per liter.
- Taxi Fares - Taxi fares start at $1.8, with a cost of $1.37 to $2.02 per km and $24 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 $1700.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $3100.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2800.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90 and $350, averaging $171.76.
- Internet - Internet services range from $45 to $120, with an average cost of $72.
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.
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"Key Takeaways"
Owings Mills offers a balanced cost of living with moderate expenses in dining and groceries. Housing costs are relatively high, especially for larger apartments.
Transportation costs are manageable, with affordable gasoline prices and reasonable taxi fares. Utilities and internet services are competitively priced, offering good value for residents.
Conclusion
In conclusion, Owings Mills presents a cost of living that is reflective of its suburban setting near a major city like Baltimore. While housing can be a significant expense, other costs such as dining, groceries, and transportation remain accessible.
Potential residents should consider their housing needs carefully, as this will be the most substantial part of their budget. Overall, Owings Mills provides a comfortable living environment with a variety of amenities and services.