Colesville, MD Cost Of Living
Cost Of Living In Colesville, MD Summary
Cost of living in Colesville 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 Colesville 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 Colesville is 140, with 100 being the average.
The cost of living index in Colesville is 1.4x higher than the national average.
Colesville ranks as the #155 cheapest in Maryland out of 194.
Colesville ranks as the #5,404 cheapest out of 6,489 in the US.
The median home value in Colesville is $638,593.
The median income in Colesville is $131,022.
Table Of Contents
Colesville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Colesville, MD?
According to the most recent data on the cost of living, Colesville has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to Maryland, Colesville has a cost of living index that's 1.2x higher than Maryland's index of 121.
The standard of living in Colesville ranks as #155 most affordable out of the 194 places we measured in Maryland. By definition, that implies Colesville ranks as the #39 most expensive place in the Old Line State.
For more reading on life in Colesville, check out:
In Maryland
In America
Colesville Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Colesville. Here is how it fairs on each of the criteria:
The Services index in Colesville is 111.
The Groceries index in Colesville is 106.
The Health index in Colesville is 98.
The Housing index in Colesville is 221.
The Transportation index in Colesville is 97.
The Utilities index in Colesville is 112.
| Living Expense | Colesville | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 140 | 121 | 100 | |
| Services | 111 | 105 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 221 | 150 | 100 | |
| Transportation | 97 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
Colesville, 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 2019-2023. The key points are:
The Median Home Value in Colesville is $638,593.
The Median Rent in Colesville is $1,906.
The Median Income in Colesville is $131,022.
The Home Value To Income in Colesville is 4.9x.
The Rent To Monthly Income in Colesville is 0.17x.
| Statistic | Colesville | Maryland | United States |
|---|---|---|---|
| Median Home Value | $638,593 | $427,628 | $303,400 |
| Median Rent | $1,906 | $1,662 | $1,348 |
| Median Income | $131,022 | $101,652 | $78,538 |
| Home Value To Income | 4.9x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Colesville, MD Costs By Category
Detailed Colesville Services Costs Vs. Maryland
| Item | Colesville | Maryland |
|---|---|---|
| Shampoo | $1.51 | $1.28 |
| Movie | $15.69 | $12.13 |
| Bowling | $24.83 | $18 |
| Haircut | $26.11 | $24.26 |
| Beauty Salon | $70.08 | $45.56 |
Detailed Colesville Groceries Costs Vs. Maryland
| Item | Colesville | Maryland |
|---|---|---|
| Ground Beef | $6.24 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $5.49 | $4.93 |
| Pizza | $12.56 | $12.09 |
| Beer | $11.1 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Colesville Health Costs Vs. Maryland
| Item | Colesville | Maryland |
|---|---|---|
| Optometrist | $92.0 | $125.68 |
| Doctor | $135.03 | $135.78 |
| Dentist | $117.67 | $113.29 |
Detailed Colesville Transportation Costs Vs. Maryland
| Item | Colesville | Maryland |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $59.0 | $59.92 |
Detailed Colesville Utilities Costs Vs. Maryland
| Item | Colesville | Maryland |
|---|---|---|
| All Electricity | $222.47 | $193.99 |
| Phone | $197.37 | $192.25 |
Colesville SnackAbility
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Cost Of Living In Cities Around Colesville
The cost of living varies in the cities and towns around Colesville. Here's a quick look at the cost of living in the most populous nearby places:
Wheaton, MD has a cost of living index of 134, 1.0x Colesville.
Olney, MD has a cost of living index of 153, 1.1x Colesville.
Clarksburg, MD has a cost of living index of 152, 1.1x Colesville.
| City | Population | Cost Of Living | Vs. Colesville |
|---|---|---|---|
| Wheaton, MD | 52,172 | 134 | 1.0x |
| Olney, MD | 36,000 | 153 | 1.1x |
| Clarksburg, MD | 29,246 | 152 | 1.1x |
| Ilchester, MD | 27,552 | 136 | 1.0x |
| Fairland, MD | 26,183 | 133 | 0.9x |
| North Laurel, MD | 25,201 | 132 | 0.9x |
| North Potomac, MD | 23,994 | 172 | 1.2x |
| Calverton, MD | 17,721 | 132 | 0.9x |
| Cloverly, MD | 16,726 | 148 | 1.1x |
| Glenmont, MD | 16,529 | 138 | 1.0x |
