Chesapeake Beach, MD Cost Of Living
Cost Of Living In Chesapeake Beach, MD Summary
Cost of living in Chesapeake Beach research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chesapeake Beach is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Chesapeake Beach is 127, with 100 being the average.
The cost of living index in Chesapeake Beach is 1.3x higher than the national average.
Chesapeake Beach ranks as the #118 cheapest in Maryland out of 188.
Chesapeake Beach ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Chesapeake Beach is $383,900.
The median income in Chesapeake Beach is $120,194.
Table Of Contents
Chesapeake Beach's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chesapeake Beach, MD?
According to the most recent data on the cost of living, Chesapeake Beach has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Maryland, Chesapeake Beach has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Chesapeake Beach ranks as #118 most affordable out of the 188 places we measured in Maryland. By definition, that implies Chesapeake Beach ranks as the #70 most expensive place in the Old Line State.
For more reading on life in Chesapeake Beach, check out:
- Living In Chesapeake Beach
- Search Homes For Sale In Chesapeake Beach, MD
In Maryland
In America
Chesapeake Beach Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Chesapeake Beach. Here is how it fairs on each of the criteria:
The Services index in Chesapeake Beach is 108.
The Groceries index in Chesapeake Beach is 121.
The Health index in Chesapeake Beach is 102.
The Housing index in Chesapeake Beach is 170.
The Transportation index in Chesapeake Beach is 100.
The Utilities index in Chesapeake Beach is 95.
| Living Expense | Chesapeake Beach | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 127 | 120 | 100 | |
| Services | 108 | 109 | 100 | |
| Groceries | 121 | 108 | 100 | |
| Health | 102 | 92 | 100 | |
| Housing | 170 | 156 | 100 | |
| Transportation | 100 | 100 | 100 | |
| Utilities | 95 | 108 | 100 | |
Chesapeake Beach, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Chesapeake Beach is $383,900.
The Median Rent in Chesapeake Beach is $1,603.
The Median Income in Chesapeake Beach is $120,194.
The Home Value To Income in Chesapeake Beach is 3.2x.
The Rent To Monthly Income in Chesapeake Beach is 0.16x.
| Statistic | Chesapeake Beach | Maryland | United States |
|---|---|---|---|
| Median Home Value | $383,900 | $338,500 | $244,900 |
| Median Rent | $1,603 | $1,485 | $1,163 |
| Median Income | $120,194 | $91,431 | $69,021 |
| Home Value To Income | 3.2x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Chesapeake Beach, MD Costs By Category
Detailed Chesapeake Beach Services Costs Vs. Maryland
| Item | Chesapeake Beach | Maryland |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.45 | $10.68 |
| Bowling | $19.83 | $14.67 |
| Haircut | $25.56 | $18.62 |
| Beauty Salon | $56.94 | $39.05 |
Detailed Chesapeake Beach Groceries Costs Vs. Maryland
| Item | Chesapeake Beach | Maryland |
|---|---|---|
| Ground Beef | $4.79 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.21 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $10.66 | $9.38 |
| Toothpaste | $3.52 | $2.34 |
Detailed Chesapeake Beach Health Costs Vs. Maryland
| Item | Chesapeake Beach | Maryland |
|---|---|---|
| Optometrist | $104.67 | $108.57 |
| Doctor | $128.0 | $116.17 |
| Dentist | $103.17 | $99.13 |
Detailed Chesapeake Beach Transportation Costs Vs. Maryland
| Item | Chesapeake Beach | Maryland |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $51.0 | $50.07 |
Detailed Chesapeake Beach Utilities Costs Vs. Maryland
| Item | Chesapeake Beach | Maryland |
|---|---|---|
| All Electricity | $160.85 | $167.67 |
| Phone | $177.97 | $175.64 |
Chesapeake Beach SnackAbility
/10
Cost Of Living In Cities Around Chesapeake Beach
The cost of living varies in the cities and towns around Chesapeake Beach. Here's a quick look at the cost of living in the most populous nearby places:
Annapolis, MD has a cost of living index of 129, 1.0x Chesapeake Beach.
Clinton, MD has a cost of living index of 125, 1.0x Chesapeake Beach.
Kettering, MD has a cost of living index of 123, 1.0x Chesapeake Beach.
| City | Population | Cost Of Living | Vs. Chesapeake Beach |
|---|---|---|---|
| Annapolis, MD | 40,581 | 129 | 1.0x |
| Clinton, MD | 39,925 | 125 | 1.0x |
| Kettering, MD | 13,924 | 123 | 1.0x |
| Annapolis Neck, MD | 13,059 | 153 | 1.2x |
| Brock Hall, MD | 12,764 | 142 | 1.1x |
| Rosaryville, MD | 11,881 | 129 | 1.0x |
| Brandywine, MD | 9,852 | 129 | 1.0x |
| Edgewater, MD | 9,075 | 133 | 1.0x |
| Mayo, MD | 8,197 | 151 | 1.2x |
