Denton, MD, offers a cost of living slightly below the nationwide average. Specifically, the overall cost of living index stands at 95, which is 5% lower than the benchmark of 100. Housing and transportation costs are the lowest, each at 95 and 90, respectively. This makes Denton an attractive option for those looking to minimize their expenses.
The cost of living index in Denton, MD, presents a mixed picture when compared to the nationwide average, which is set at 100. Housing costs in Denton are slightly below the national average, with an index of 95. This suggests that housing expenses for residents in Denton are about 5% less than the average American would spend. Similarly, the grocery cost index of 98 indicates that residents can expect to spend roughly 2% less on groceries than the national average.
Utilities in Denton, however, slightly exceed the nationwide average, with an index of 102. This means that costs for utilities are about 2% higher than the national average. Transportation costs are notably lower in Denton, with an index of 90, indicating an approximate 10% savings compared to the national average. Healthcare costs align closely with the national average, with an index of 95, suggesting minimal difference in expenses. Miscellaneous costs also mirror the national average, with an index of 97, indicating a slight increase of about 3%. Overall, Denton offers a balance of lower and higher costs in various aspects of living compared to the national average.
