Cloverly, MD Cost Of Living
Cost Of Living In Cloverly, MD Summary
Cost of living in Cloverly 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 Cloverly 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 Cloverly is 146, with 100 being the average.
The cost of living index in Cloverly is 1.5x higher than the national average.
Cloverly ranks as the #165 cheapest in Maryland out of 188.
Cloverly ranks as the #5,742 cheapest out of 6,412 in the US.
The median home value in Cloverly is $550,200.
The median income in Cloverly is $134,978.
Table Of Contents
Cloverly's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Cloverly, MD?
According to the most recent data on the cost of living, Cloverly has an overall cost of living index of 146, which is 1.5x higher than the national index of 100.
Compared to Maryland, Cloverly has a cost of living index that's 1.2x higher than Maryland's index of 120.
The standard of living in Cloverly ranks as #165 most affordable out of the 188 places we measured in Maryland. By definition, that implies Cloverly ranks as the #23 most expensive place in the Old Line State.
For more reading on life in Cloverly, check out:
- Living In Cloverly
- Search Homes For Sale In Cloverly, MD
In Maryland
In America
Cloverly Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Cloverly. Here is how it fairs on each of the criteria:
The Services index in Cloverly is 114.
The Groceries index in Cloverly is 116.
The Health index in Cloverly is 88.
The Housing index in Cloverly is 230.
The Transportation index in Cloverly is 116.
The Utilities index in Cloverly is 111.
| Living Expense | Cloverly | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 146 | 120 | 100 | |
| Services | 114 | 109 | 100 | |
| Groceries | 116 | 108 | 100 | |
| Health | 88 | 92 | 100 | |
| Housing | 230 | 156 | 100 | |
| Transportation | 116 | 100 | 100 | |
| Utilities | 111 | 108 | 100 | |
Cloverly, 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 Cloverly is $550,200.
The Median Rent in Cloverly is $1,770.
The Median Income in Cloverly is $134,978.
The Home Value To Income in Cloverly is 4.1x.
The Rent To Monthly Income in Cloverly is 0.16x.
| Statistic | Cloverly | Maryland | United States |
|---|---|---|---|
| Median Home Value | $550,200 | $338,500 | $244,900 |
| Median Rent | $1,770 | $1,485 | $1,163 |
| Median Income | $134,978 | $91,431 | $69,021 |
| Home Value To Income | 4.1x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Cloverly, MD Costs By Category
Detailed Cloverly Services Costs Vs. Maryland
Detailed Cloverly Groceries Costs Vs. Maryland
Detailed Cloverly Health Costs Vs. Maryland
Detailed Cloverly Transportation Costs Vs. Maryland
Detailed Cloverly Utilities Costs Vs. Maryland
Cloverly SnackAbility
/10
Cost Of Living In Cities Around Cloverly
The cost of living varies in the cities and towns around Cloverly. Here's a quick look at the cost of living in the most populous nearby places:
Olney, MD has a cost of living index of 150, 1.0x Cloverly.
Ilchester, MD has a cost of living index of 133, 0.9x Cloverly.
Fairland, MD has a cost of living index of 129, 0.9x Cloverly.
| City | Population | Cost Of Living | Vs. Cloverly |
|---|---|---|---|
| Olney, MD | 35,815 | 150 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 0.9x |
| Fairland, MD | 25,324 | 129 | 0.9x |
| North Potomac, MD | 24,449 | 167 | 1.1x |
| North Laurel, MD | 24,233 | 129 | 0.9x |
| Calverton, MD | 17,772 | 135 | 0.9x |
| Glenmont, MD | 15,795 | 139 | 1.0x |
| White Oak, MD | 14,711 | 137 | 0.9x |
| Kemp Mill, MD | 14,509 | 141 | 1.0x |
| Colesville, MD | 14,468 | 140 | 1.0x |
