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Price, MD Utility & Living Guide
Living in Price, MD offers a unique blend of small-town charm and access to outdoor recreation, with a strong sense of community among its 5,000 residents.
Monthly Utility Costs
$140/mo
—
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1100/mo |
| 2 Bedrooms | $1400/mo |
| 3 Bedrooms | $2000/mo |
| Median Home Price | $280,000 |
| Property Tax Rate | 1.1% |
| Avg Childcare/mo | $1200 |
The housing market in Price is relatively stable, with a mix of older and newer homes available. Rentals are limited, but prices are competitive with surrounding areas. Homeowners can expect to pay around 1.1% of their home’s value in property taxes annually.
Cost of Living
105
+5% above national average
102
98
100
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6% |
| Property Tax Rate | 1.1% |
| <p>State 6% + County 0% + City 0%</p> | |
Maryland has a progressive income tax system, with rates ranging from 2% to 5.75%.
Family & Relocation
60
7/10
$1200/mo
City Pulse
Public transit in Price is limited, but the town is relatively walkable and bikeable, with some stroller-friendly sidewalks and parks.
- Price Community Park
- nearby Patuxent River
- and the annual Price Festival
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Price based on your household profile.
📰 Live Local News
Residents are subject to local ordinances regarding noise, zoning, and property maintenance.
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Price — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Price tend to be higher in the summer due to air conditioning usage, with average electric bills increasing by 20-30% during the peak summer months. In contrast, winter heating costs are relatively low due to the mild climate.
🏛️ Local Tax Details
The ZIP code 20688 has a property tax millage rate of 0.85, with no local surtaxes.
👶 Family & Stroller Friendliness
Score 6: Price has some stroller-friendly sidewalks and parks, but the town's infrastructure could be improved to better accommodate families with young children, particularly in terms of elevator access in public buildings and more frequent transit options.
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