Cost of living in Severna Park
Severna Park, located in Maryland, United States, offers a unique blend of suburban charm and proximity to major urban centers. Understanding the cost of living in Severna Park is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses in Severna Park, 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 $1.03 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.
- Car Purchase - A new Volkswagen Golf costs between $25,300 and $35,463.99, while a Toyota Corolla ranges from $23,000 to $28,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $950 and $1,900 monthly, averaging $1,200.
- International Primary School, Yearly for 1 Child - Annual fees for international primary schools range from $30,000 to $34,200, averaging $33,360.
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.
Cost of Living Data
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"Key Takeaways"
Severna Park offers a moderate cost of living with relatively high dining and grocery prices compared to national averages.
Housing costs are significant, especially for families considering private education options.
Transportation costs are manageable, with competitive fuel prices and reasonable taxi fares.
Conclusion
In conclusion, Severna Park, MD, presents a balanced cost of living with certain areas like dining and education being more expensive.
Prospective residents should consider these factors when planning their budget, especially if they are moving with family or planning to dine out frequently.