The True Cost Of Living In Beltsville, Maryland

How Much Does It Cost to Live in Beltsville, Maryland?

Located in Prince George’s County, Beltsville, Maryland is a great place to live for those who want a mix of suburban charm and city convenience. It is close to Washington, D.C., making it a great option for commuters. With good schools, parks, and restaurants, many people move to Beltsville for its strong community feel and convenient location. But how much does it cost to live here? Let’s break it down.

How Much Does Housing Cost in Beltsville, Maryland?

Housing prices in Beltsville vary based on location, size, and type. The average price of a home in this area is around $430,000.

Single-family homes: $450,000 – $600,000
Townhomes: $350,000 – $450,000
Condos: $250,000 – $350,000

Neighborhoods closer to major highways and public transport tend to have higher prices, while areas farther from the city center may be more affordable. Real estate trends show a steady increase in home values over the past few years, making Beltsville a solid place to invest. Check out Maryland Realtors for more details on home values.

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

If you’re looking to rent in Beltsville, here’s what you can expect to pay:

One-bedroom apartment: $1,600 – $1,900 per month
Two-bedroom apartment: $1,900 – $2,300 per month
Single-family home rental: $2,500 – $3,500 per month

Popular rental areas include areas near Baltimore Avenue (Route 1) and close to Metro stations for easy commuting. Rental prices in Beltsville have slowly increased in recent years, following trends in nearby cities.

What Are the Utility Costs in Beltsville, Maryland?

The cost of utilities in Beltsville can add up quickly. Here are some average monthly costs:

Electricity: $120 – $180
Gas: $60 – $100
Water & Sewer: $50 – $90
Internet: $60 – $100

Main utility providers in the area include:

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

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

What Are the Taxes Like in Beltsville, Maryland?

Taxes are an important part of the cost of living in Beltsville. Here’s what to expect:

Property tax rate: 1.45% of home value
Maryland state income tax: 4.75% – 5.75% (based on income level)
Sales tax: 6%

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

What Are the Transportation Costs in Beltsville, Maryland?

Beltsville offers several transportation options. The average commute time is 30 – 40 minutes, depending on traffic.

Public transportation: Metrobus and MARC train service available, monthly passes cost around $80 – $100.
Gas prices: Currently around $3.50 – $4.00 per gallon.
Car insurance: The average monthly rate is $150 – $200, depending on your driving history.

How Much Do Groceries and Dining Out Cost in Beltsville?

Grocery prices in Beltsville are similar to nearby cities. An average person spends around $300 – $400 per month on food. A family of four may spend between $700 – $1,000 per month.

Dining out can also add up:

Fast food meal: $10 – $15
Casual dining: $15 – $25 per person
Fine dining: $30 – $60 per person

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

If you’re looking for fun, Beltsville has many options:

Gym membership: $30 – $60 per month
Movie ticket: $12 – $16
Bowling or mini-golf: $15 – $25 per person
Local events: Many events, like farmers’ markets and festivals, are free or low-cost.

Local attractions include Fairland Regional Park, shopping centers, and nearby museums.

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

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

A: Beltsville is more affordable than some areas near Washington, D.C., but costs are rising. Housing and rent can be pricey, but utilities and transportation costs are reasonable compared to other nearby cities.

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

A: A single person should aim for at least $60,000 – $80,000 per year to live comfortably. For a family, an income of $100,000 – $150,000 is recommended.

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

A: Beltsville is more affordable than Washington, D.C. but slightly more expensive than other parts of Prince George’s County like Laurel or College Park.