The cost of living index in Nottingham, MD, stands at 98, which is slightly below the nationwide average of 100. This indicates that residents in Nottingham generally spend about 2% less on living expenses compared to the average American. Housing, groceries, and transportation costs are notably lower, while utilities and healthcare expenses are slightly higher. This balanced index makes Nottingham an attractive option for those seeking a more affordable living environment.
The cost of living in Nottingham, MD, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Nottingham stand at 95, indicating that residents can expect to pay 5% less than the national average. This reduction in housing expenses can be a significant advantage for those looking to settle in Nottingham, as it provides more financial flexibility for other necessities.
Additionally, groceries in Nottingham are priced at 98, which is just 2% below the national average. This slight decrease in grocery costs can help families manage their budgets more effectively. Utilities, however, are slightly higher at 105, meaning residents pay 5% more than the average American. Despite this, transportation costs are at 97, offering a 3% savings compared to the national average. Healthcare costs in Nottingham are at 102, which is 2% above the average, while miscellaneous expenses are at 99, indicating a negligible difference from the national average. Overall, Nottingham offers a balanced cost of living with some areas where residents can save money.
