The Cost of Living in Lexington Park, Maryland
Located in St. Mary’s County, Lexington Park is a charming town near the Chesapeake Bay. Known for its rich history, vibrant culture, and proximity to the Patuxent River Naval Air Station, this area appeals to families, professionals, and retirees. If you’re considering moving here, you may be wondering about the cost of living in this delightful Maryland community.
How Much Does Housing Cost in Lexington Park, Maryland?
If you’re planning to buy a home in Lexington Park, the average price of a single-family home is around $290,000. Townhomes cost about $220,000, while condos average at $180,000. Housing prices can vary depending on the neighborhood. For example, homes in the sought-after Hickory Hills area often cost more than other parts of town.
Recently, real estate trends show that prices are steadily increasing as demand grows. To learn more about home values in Lexington Park, visit the Maryland Realtors.
How Much Does It Cost to Rent in Lexington Park, Maryland?
Renting is another popular option in Lexington Park. A one-bedroom apartment averages $1,200 per month. For a two-bedroom apartment, you’ll likely pay around $1,500, and larger homes for rent can cost $2,000 or more.
Many renters look to areas near the California neighborhood, which offers easy access to shops and restaurants. Over the past few years, rent prices have seen a moderate rise due to the growing population.
What Are the Utility Costs in Lexington Park, Maryland?
On average, basic utilities like electricity, gas, water, and trash removal cost around $180–$250 per month for a typical household in Lexington Park. Internet plans with high-speed options are available for about $60–$80 per month.
Major utility providers in the area include:
- Electricity: Southern Maryland Electric Cooperative (SMECO). Visit their website here.
- Water and Sewage: St. Mary’s County Metropolitan Commission. Learn more here.
- Internet: Local options include Xfinity and Verizon.
For a full list of providers, check out the Maryland Public Service Commission.
What Are the Taxes Like in Lexington Park, Maryland?
Property taxes in Lexington Park are approximately 1.1% of a home’s assessed value. This means if your home costs $300,000, you’ll pay about $3,300 in property taxes yearly.
Maryland’s state income tax rate ranges from 2%–5.75%, depending on your income. The sales tax in Maryland is a flat 6%, which applies to most goods and services. For more details, visit the Maryland Department of Assessments and Taxation.
What Are the Transportation Costs in Lexington Park, Maryland?
Public transportation options in Lexington Park include bus services like St. Mary’s Transit System (STS), with fares around $1–$3 per ride. If you’re commuting by car, gas prices in the area average about $3.50 per gallon.
Commuters typically drive about 25–30 minutes to work, with car insurance rates averaging $1,200–$1,500 annually, depending on your provider and coverage.
How Much Do Groceries and Dining Out Cost in Lexington Park?
Groceries in Lexington Park cost about $300–$400 per month for one person. For families, expect to spend $800–$1,000 depending on size and dietary preferences.
Dining out is highly affordable. A meal at a casual restaurant costs around $12–$20, while fast food options cost about $7–$10 per meal.
What Are the Entertainment and Leisure Costs in Lexington Park, Maryland?
For fitness enthusiasts, a gym membership in Lexington Park costs around $35–$50 per month. If you’re into yoga or fitness classes, prices range between $10–$20 per class.
Local attractions like museums and parks often have free or low-cost admission, but consider setting aside $10–$30 if you plan to attend special events. Popular options include exploring the Patuxent River Naval Air Museum and enjoying outdoor activities at Solomons Island.
Frequently Asked Questions About the Cost of Living in Lexington Park, Maryland
Is Lexington Park, Maryland an affordable place to live?
Yes, Lexington Park offers a reasonable cost of living compared to larger cities in Maryland, making it an affordable option for many families and individuals.
What is a good salary to live in Lexington Park, Maryland?
To live comfortably in Lexington Park, a salary of around $60,000–$75,000 per year should suffice. This amount covers housing, utilities, food, and other essentials.
How does the cost of living in Lexington Park, Maryland compare to other cities?
Lexington Park is more affordable than cities like Annapolis and Baltimore, but it may cost a bit more compared to smaller towns in the area.
What is the most expensive neighborhood in Lexington Park, Maryland?
The Hickory Hills neighborhood is one of the priciest areas in Lexington Park, known for its larger homes and excellent location.
What is the cheapest neighborhood in Lexington Park, Maryland?
The Great Mills Road area often has more affordable housing options, making it a popular choice for those on a budget.
