Denton, MD, boasts a cost of living index that aligns closely with the nationwide average. Specifically, Denton's overall cost of living stands at 104, which is just 4% higher than the national benchmark of 100. This slight increase places Denton in a favorable position for residents seeking a balance between quality of life and affordability.
When looking at individual categories, Denton's housing index is notably higher at 116, representing a 16% increase over the national average. This suggests that housing costs are a bit steeper in Denton compared to other areas. Conversely, utilities, transportation, and healthcare expenses in Denton are slightly below the national average, making these categories more affordable. The cost of groceries and miscellaneous items also mirrors the national average, providing a balanced perspective on living costs in Denton.
According to the latest data, the cost of living in Denton, MD, shows some variations compared to the nationwide average, which is indexed at 100. Housing costs in Denton are notably higher, standing at an index of 116. This indicates that housing expenses are 16% more than the national average. People considering Denton for its housing market should be aware of this significant increase.
In other areas, Denton also shows a higher cost of living in some categories. For instance, groceries cost 4% more, with an index of 104. Utilities and healthcare costs are just slightly below the national average, with indices of 98 and 104, respectively. Transportation costs are nearly the same, at 97, showing a slight decrease of 3%. Miscellaneous expenses also slightly exceed the national average at 105, representing a 5% increase. These figures highlight that while Denton has some areas where costs are higher, it also has some areas where expenses are more competitive.
