The Cost of Living in Calverton, Maryland

CALVERTON, MARYLAND is a suburban community located in Prince George’s County and Montgomery County. It offers a mix of residential neighborhoods, shopping centers, and parks, making it a popular place for families and professionals. The area is conveniently located near Washington, D.C., providing easy access to work and entertainment. If you are considering moving to CALVERTON, it's important to understand the cost of living, including housing, utilities, and transportation.

How Much Does Housing Cost in Calverton, Maryland?

The housing market in CALVERTON offers a mix of options. The average price of a single-family home is around $500,000, while townhomes average $400,000. Condominiums tend to be more affordable, with prices typically around $250,000.

Home prices in CALVERTON vary by neighborhood. Areas closer to major highways or shopping centers may have higher prices, while quieter residential streets tend to be more affordable. Recently, home prices have remained stable, with slight increases due to demand.

For more details on home values, visit Maryland Realtors.

How Much Does It Cost to Rent in Calverton, Maryland?

Rental prices in CALVERTON vary based on the type of home. A one-bedroom apartment typically costs $1,800 per month, while a two-bedroom unit averages $2,200. Renting a single-family home can cost anywhere from $2,500 to $3,500 per month.

The most popular rental areas are close to shopping centers and public transportation. Rental prices have increased slightly in recent years due to high demand and limited availability.

What Are the Utility Costs in Calverton, Maryland?

Utility costs in CALVERTON can vary depending on the size of your home and usage. On average, electricity costs around $120 per month, while gas expenses are about $80. Water and sewage bills usually total $70 to $100 per month. High-speed internet services typically cost $60 to $80 monthly.

The main utility providers in the area include:

• Electricity: Pepco
• Gas: Washington Gas
• Water & Sewer: WSSC Water
• Internet: Xfinity and Verizon Fios

For more details on local utility providers, visit the Maryland Public Service Commission.

What Are the Taxes Like in Calverton, Maryland?

Property taxes in CALVERTON vary based on location and home value. On average, homeowners pay around 1.06% of their property's assessed value each year.

Maryland has a state income tax ranging from 2% to 5.75%, depending on income. The state sales tax is 6%, which applies to most goods and services.

For more information on MARYLAND taxes, visit the Maryland Department of Assessments and Taxation.

What Are the Transportation Costs in Calverton, Maryland?

Public transportation in CALVERTON is available through Metrobus, Ride-On buses, and nearby Metrorail stations. A one-way Metrobus fare costs around $2, while Metrorail fares range from $2.25 to $6 based on distance. Monthly commuter passes are available for frequent riders.

Gas prices in CALVERTON typically range from $3.50 to $4.00 per gallon. The average commute time is 35 minutes, with most residents driving to work. Car insurance costs around $1,500 per year, depending on the driver’s record and coverage.

How Much Do Groceries and Dining Out Cost in Calverton?

Grocery prices in CALVERTON are in line with national averages. A typical household can expect to spend around $400 to $600 per month on groceries. Large grocery stores like Safeway, Giant, and Aldi serve the area.

Dining out varies in cost. A meal at a casual restaurant costs around $15 per person, while a fast-food meal is about $8. Fine dining restaurants will have higher prices, ranging from $30 to $50 per person.

What Are the Entertainment and Leisure Costs in Calverton, Maryland?

A gym membership in CALVERTON typically costs between $30 and $60 per month, depending on the facility. Fitness classes, such as yoga or spin, can range from $10 to $25 per session.

Local activities include movie theaters, which charge about $13 per ticket, and community events, which vary in cost. Popular attractions nearby include Fairland Sports and Aquatics Complex, the Wheaton Regional Park, and The Mall at Prince George’s.

Frequently Asked Questions About the Cost of Living in Calverton, Maryland

Q: Is Calverton, Maryland an affordable place to live?

A: CALVERTON offers a moderate cost of living. While it is more affordable than nearby Washington, D.C., some expenses, such as housing and transportation, can be higher than the national average.

Q: What is a good salary to live in Calverton, Maryland?

A: A salary of around $75,000 to $100,000 per year allows a comfortable lifestyle in CALVERTON, depending on housing choices and personal expenses.

Q: How does the cost of living in Calverton, Maryland compare to other cities?

A: The cost of living in CALVERTON is lower than Washington, D.C., but slightly higher than some areas in MARYLAND. Housing prices are more affordable compared to larger cities like Bethesda or Silver Spring.

Q: What is the most expensive neighborhood in Calverton, Maryland?

A: The most expensive areas in CALVERTON are found near Briggs Chaney Road and Cherry Hill Road, where larger homes and newer townhouses are located.

Q: What is the cheapest neighborhood in Calverton, Maryland?

A: More affordable housing options can be found near Powder Mill Road, where smaller townhomes and apartments offer lower rental and purchase prices.