Parkville, MD, has a higher cost of living compared to the nationwide average. The housing index stands at 120, indicating that housing costs are 20% higher than the average. Other categories like groceries, utilities, and healthcare also show elevated costs, with indices at 105, 110, and 98, respectively. This suggests that living in Parkville involves spending more across various essential areas.
Parkville, MD, shows a higher cost of living compared to the nationwide average in several key areas. Housing costs in Parkville stand at 120, which is 20% higher than the national average. This means that housing expenses in Parkville are significantly more than what one might find in other parts of the country. Groceries also reflect a higher cost, with an index of 105, indicating a 5% increase over the average. This suggests that everyday food purchases are more expensive than the national norm.
Utilities in Parkville are 110, which is 10% above the average. This increase means that residents will spend more on essential services like electricity and water. Transportation costs, however, are slightly lower, with an index of 95, showing a 5% decrease from the national average. Healthcare costs are close to the average, with an index of 98, indicating a minimal 2% increase. Miscellaneous costs are also slightly higher, at 102, which is a 2% increase. Overall, Parkville presents a higher cost of living in several important areas, making it essential for job seekers to consider these factors when planning their move.
