What is the Real Cost of Living in Arnold?

What is the Real Cost of Living in Arnold?

Welcome to Arnold, Maryland — the epitome of luxury living on the Eastern seaboard. Located in the center of Anne Arundel County, Arnold offers an unmatched combination of scenic beauty, world-class amenities, and a sophisticated charm that makes it a coveted destination for discerning homebuyers. One of the most alluring aspects of life in Arnold is its abundance of stunning parks and outdoor spaces. From the tranquil waters of the nearby Magothy River to the lush greenery of Broadneck Park, residents have access to some of the most breathtaking natural scenery on the East Coast. Imagine taking a leisurely stroll through the winding trails of the nearby Downs Memorial Park or spending a lazy afternoon picnicking by the shores of the Chesapeake Bay. All while soaking in the sun-kissed beauty of this idyllic locale.

With its scenic greenery and natural parks, Arnold offers a tranquil and beautiful oasis from the hustle and bustle of city life. And if shopping and dining are your passions, you'll be delighted by the many high-end boutiques and exquisite restaurants that line the streets, offering a truly upscale shopping and dining experience. This is a lively community with popular local events and a dynamic waterfront lifestyle, where residents enjoy yachting and boating on the Chesapeake Bay. This community is known for its arts and culture and hosts numerous activities, including concerts, festivals, and community events all year long.

Arnold sets itself apart from other locations with its stunning array of luxury homes that adorn the landscape. No matter which type of home you’re seeking, a classic Colonial residence or an opulent waterfront retreat, you'll find a wealth of beautiful options to choose from in this exclusive enclave. And when you’re ready to make your dreams of living in Arnold a reality, no one is better equipped to help than real estate agent Mary Beth Paganelli and her team at Paganelli Properties. Mary Beth is results-oriented, with years of experience helping individuals settle into Anne Arundel County and find their perfect home in Arnold. She is deeply familiar with the local market and can help you discover the hidden gems of Arnold.

Despite its luxury lifestyle, Arnold's cost of living is 22.4% higher than the U.S. average. However, the benefits of living in Arnold, Maryland, far outweigh the higher cost of living. For those interested in the ultimate in luxury living, Arnold, Maryland, offers something special and a one-of-a-kind experience.

Housing: Home purchase price

Arnold is an affluent area that appeals to those who appreciate upscale living and proximity to the waterfront. Over the past ten years, the real estate market in Arnold has experienced significant growth, with home values appreciating by 9.2%. Currently, the median home price in Arnold is $532,900. In addition, the property tax rate in Anne Arundel County, where Arnold is situated, is comparatively low at 0.93%. Nonetheless, due to generally high property values in Maryland, homeowners in this state usually pay higher annual property taxes compared to those in most other states. Homeowners can be confident they are receiving a high return on their investment with the luxury homes in Arnold.

Arnold offers a range of luxury homes that provide homeowners with an excellent return on their investment. These well-appointed homes come in various architectural styles, including historical designs. Many homes in Arnold sit along the waterfront and boast stunning views of the Chesapeake Bay and the Magothy River. Despite a higher cost of living, this is a highly desirable location to settle down. The area boasts stunning natural beauty and a charming small-town atmosphere, making it a popular destination for those seeking their dream home. From the picturesque parks and waterfront views to the upscale shopping and dining options, Arnold has something to offer everyone.

Utilities cost

The average cost of utility bills in Arnold is slightly higher than the national average by 5%. The average cost of an energy bill is $184.74 per month, while gas costs an average of $3.43 per month.

Food cost

Arnold's prime location along the Chesapeake Bay makes it an excellent destination for seafood lovers, as well as those who enjoy a wide range of cuisine from Mediterranean to classic American favorites.

Despite the variety of dining options available in Arnold, it's important to note that groceries in the area cost 14% higher than the national average. However, with a thriving dining scene featuring a range of delicious and diverse options, there are plenty of opportunities to indulge in the local culinary offerings without breaking the bank. The average entree at The Point Crab House & Grill, a local favorite, ranges in price from $15 - $55.

Transit cost

Maryland state has excellent public transportation, including local buses, metro subways, light rail, marc train, commuter buses, and mobility shuttles. Within Arnold, the Anne Arundel County Transit bus is free and runs from Glen Burnie to Annapolis, stopping at Arnold.

Average salary

According to ZipRecruiter, the average annual salary in Maryland is $61,156 per year, which ranks Maryland at number nine out of 50 states for salaries.

Ready to find your next home?

Mary Beth Paganelli has years of real estate experience in Anne Arundel County and a deep understanding of Arnold real estate. Her impressive results have earned several industry recognitions, including the Lifetime Master's Club. In 2021, she was also featured as a top agent in Top Agent Magazine.

Whether you're a newcomer to Arnold or a long-time resident, Mary Beth will deliver exceptional service through the real estate process and ensure you feel right at home in Arnold for years to come. If you have questions about the local lifestyle in Arnold or wish to learn more, be sure to check out our blog and discover everything that makes Arnold such a special place to call home. Contact Paganelli Properties today to start your real estate journey in Arnold and start living your dreams.

*Header photo courtesy of Mary Beth Paganelli

Work With Mary Beth

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I will use comparable sold listings to help you determine the accurate market value of your home. Connect with me today!

Follow Me on Instagram

Follow Me on Instagram