The Cost of Living in Lexington Park, Maryland
How much does it cost to live in Lexington Park, Maryland?
LEXINGTON PARK, MARYLAND is a growing community located in St. Mary’s County in southern Maryland. It is home to the Patuxent River Naval Air Station, making it a popular place for military families, defense contractors, and those looking for job opportunities in technology and aviation. The area offers a mix of suburban and rural living with access to waterfront views and outdoor activities. If you are thinking of moving here, it's important to understand the cost of living, including housing, utilities, taxes, and more.
How Much Does Housing Cost in Lexington Park, Maryland?
The housing market in LEXINGTON PARK offers a variety of options at different price points. On average:
- Single-family homes cost around $320,000.
- Townhouses typically sell for about $260,000.
- Condos have an average price of $200,000.
Homes closer to the Patuxent River Naval Air Station tend to be more expensive, while areas on the outskirts of town offer more affordable options. Recently, home prices have remained stable, with some slight increases due to demand. To see more details on home values, check out Maryland Realtors.
How Much Does It Cost to Rent in Lexington Park, Maryland?
Renting in LEXINGTON PARK is an option for those who aren't ready to buy. Average rental prices include:
- One-bedroom apartments: $1,300 per month.
- Two-bedroom apartments: $1,600 per month.
- Three-bedroom houses: $2,000 per month.
Popular rental areas include housing near Great Mills Road and communities close to California, Maryland. Over the last few years, rental prices have increased due to a growing population and limited availability.
What Are the Utility Costs in Lexington Park, Maryland?
Utility costs in LEXINGTON PARK vary by household size and usage, but here are the average monthly expenses:
- Electricity: $160 per month (provided by Southern Maryland Electric Cooperative).
- Natural Gas: $90 per month (offered by Washington Gas).
- Water & Sewer: $75 per month (handled by St. Mary’s County Metropolitan Commission).
- Internet: $60-$100 per month (main providers include Xfinity and Breezeline).
For more details on local utility providers, visit the Maryland Public Service Commission.
What Are the Taxes Like in Lexington Park, Maryland?
Taxes in LEXINGTON PARK include property, sales, and income taxes:
- Property Tax Rate: 1.07% of a home's assessed value.
- Sales Tax: 6%, which applies to most goods and services.
- Maryland State Income Tax: Ranges from 2% to 5.75%, based on income.
For more tax-related details, visit the Maryland Department of Assessments and Taxation.
What Are the Transportation Costs in Lexington Park, Maryland?
Public transportation is limited in LEXINGTON PARK, but there are a few options:
- St. Mary’s Transit System (STS) buses cost about $1.50 per ride.
- Commuting to Washington, D.C. via car takes around 90 minutes on average.
- Gas prices are around $3.50 per gallon, though they fluctuate.
- Car insurance typically costs between $120-$160 per month, depending on coverage.
How Much Do Groceries and Dining Out Cost in Lexington Park?
Grocery costs in LEXINGTON PARK are moderate compared to other parts of Maryland. A family of four spends about $800-$1,000 per month on groceries. Major grocery stores in the area include Weis, Walmart, and Harris Teeter.
Dining out prices vary:
- Fast food meals cost around $10-$12 per person.
- Casual restaurants charge around $15-$25 per meal.
- Upscale dining experiences range from $40-$60 per person.
What Are the Entertainment and Leisure Costs in Lexington Park, Maryland?
There are many ways to enjoy LEXINGTON PARK without breaking the bank:
- Gym memberships range from $30-$60 per month.
- Movie tickets cost around $12 per person.
- The Patuxent River Naval Air Museum offers an affordable attraction for history lovers.
- Nearby parks and water activities at Point Lookout State Park charge a small entrance fee of around $5-$10.
Frequently Asked Questions About the Cost of Living in Lexington Park, Maryland
Q: Is Lexington Park, Maryland an affordable place to live?
A: LEXINGTON PARK is relatively affordable compared to other parts of Maryland. Housing and rental prices are lower than in Washington, D.C., but other costs like transportation and groceries are similar to the state average.
Q: What is a good salary to live in Lexington Park, Maryland?
A: To live comfortably in LEXINGTON PARK, a salary of $60,000-$80,000 per year is recommended for a single person, while a family may need around $90,000-$120,000.
Q: How does the cost of living in Lexington Park, Maryland compare to other cities?
A: LEXINGTON PARK is more affordable than Annapolis or Baltimore, especially when it comes to housing. However, it is slightly more expensive than smaller towns in Southern Maryland.
Q: What is the most expensive neighborhood in Lexington Park, Maryland?
A: The Cedar Cove neighborhood is one of the priciest areas, offering waterfront properties and larger homes.
Q: What is the cheapest neighborhood in Lexington Park, Maryland?
A: The Great Mills area tends to have the most affordable housing options, including lower rental prices and starter homes.
Considering moving to LEXINGTON PARK, MARYLAND? Understanding the area's cost of living will help you plan for a smooth transition.
