Overview of Rockville

Rockville is a charming city located in Montgomery County, Maryland, known for its excellent schools, diverse communities, and proximity to Washington, D.C. However, it’s essential to know how the cost of living can impact your decision to relocate.

Cost of Living Statistics

According to recent data from payscale.com, the overall cost of living in Rockville is 45% higher than the national average. Here’s a closer look at some of the key components:

  • Housing: Housing costs are a significant factor, with prices being 140% higher than the national average. The median home price in Rockville exceeds $1 million, especially for homes closer to Bethesda and Potomac. If you’re willing to venture a bit farther out, median home prices can drop to around $650,000.
  • Rent: For those looking to rent, you can expect to pay between $2,500 and $3,300 per month for an apartment.
  • Utilities: Utility costs are about 10% higher than the national average, averaging around $194 for energy bills.
  • Groceries: The grocery prices in Rockville are approximately 9% higher than the national average. For example:
    • Loaf of bread: $4.23
    • Gallon of milk: $2.65
    • Eggs: $2.45
    • Bananas: $3.66
  • Transportation: Although transportation costs are 5% higher than average, Rockville offers excellent public transit options, including the Metro and MARC trains, making commuting convenient and affordable.

Healthcare in Rockville

One of the standout features of Rockville is its healthcare system. The city is ranked number five nationally for the best healthcare, with lower healthcare costs compared to the national average, making it an attractive option for families and individuals alike.

Transportation Options

Rockville boasts a robust transportation infrastructure:

  • Metro: The city is served by three Metro stations on the red line: Twinbrook, Rockville, and North Bethesda, providing easy access to Washington, D.C.
  • MARC Trains and Buses: Additional public transport options enhance connectivity within the region.
  • Major Highways: For those who prefer driving, major highways like I-95, I-495, and I-270 are easily accessible, offering convenient routes to surrounding areas.

 

Lifestyle in Rockville

Despite the higher cost of living, Rockville offers plenty of free amenities, including:

  • Free museums
  • Parks and recreational areas
  • City events and festivals

These features provide residents with a vibrant lifestyle while helping to balance the costs associated with living in the area.

Conclusion

The decision to move to Rockville, Maryland, comes with its financial considerations.

With a higher cost of living primarily due to housing and utilities, it’s essential to plan accordingly.

However, the excellent healthcare, transportation options, and vibrant community life make Rockville a compelling place to call home.

If you’re thinking about moving to Rockville or need assistance with your relocation, our team at Next Generation Movers is here to help!

We understand the local market and can provide you with the support you need to make your move as smooth as possible.