Damascus, MD Cost Of Living
Cost Of Living In Damascus, MD Summary
Cost of living in Damascus 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 Damascus 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 Damascus is 138, with 100 being the average.
The cost of living index in Damascus is 1.4x higher than the national average.
Damascus ranks as the #152 cheapest in Maryland out of 188.
Damascus ranks as the #5,521 cheapest out of 6,412 in the US.
The median home value in Damascus is $419,000.
The median income in Damascus is $137,933.
Table Of Contents
Damascus's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Damascus, MD?
According to the most recent data on the cost of living, Damascus has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.
Compared to Maryland, Damascus has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Damascus ranks as #152 most affordable out of the 188 places we measured in Maryland. By definition, that implies Damascus ranks as the #36 most expensive place in the Old Line State.
For more reading on life in Damascus, check out:
- Living In Damascus
- Search Homes For Sale In Damascus, MD
In Maryland
In America
Damascus Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Damascus. Here is how it fairs on each of the criteria:
The Services index in Damascus is 117.
The Groceries index in Damascus is 114.
The Health index in Damascus is 88.
The Housing index in Damascus is 198.
The Transportation index in Damascus is 113.
The Utilities index in Damascus is 109.
| Living Expense | Damascus | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 138 | 120 | 100 | |
| Services | 117 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 88 | 92 | 100 | |
| Housing | 198 | 156 | 100 | |
| Transportation | 113 | 100 | 100 | |
| Utilities | 109 | 108 | 100 | |
Damascus, 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 Damascus is $419,000.
The Median Rent in Damascus is $1,655.
The Median Income in Damascus is $137,933.
The Home Value To Income in Damascus is 3.0x.
The Rent To Monthly Income in Damascus is 0.14x.
| Statistic | Damascus | Maryland | United States |
|---|---|---|---|
| Median Home Value | $419,000 | $338,500 | $244,900 |
| Median Rent | $1,655 | $1,485 | $1,163 |
| Median Income | $137,933 | $91,431 | $69,021 |
| Home Value To Income | 3.0x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Damascus, MD Costs By Category
Detailed Damascus Services Costs Vs. Maryland
Detailed Damascus Groceries Costs Vs. Maryland
Detailed Damascus Health Costs Vs. Maryland
Detailed Damascus Transportation Costs Vs. Maryland
Detailed Damascus Utilities Costs Vs. Maryland
Damascus SnackAbility
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Cost Of Living In Cities Around Damascus
The cost of living varies in the cities and towns around Damascus. Here's a quick look at the cost of living in the most populous nearby places:
Germantown, MD has a cost of living index of 130, 0.9x Damascus.
Olney, MD has a cost of living index of 150, 1.1x Damascus.
Clarksburg, MD has a cost of living index of 153, 1.1x Damascus.
| City | Population | Cost Of Living | Vs. Damascus |
|---|---|---|---|
| Germantown, MD | 90,235 | 130 | 0.9x |
| Olney, MD | 35,815 | 150 | 1.1x |
| Clarksburg, MD | 27,354 | 153 | 1.1x |
| North Potomac, MD | 24,449 | 167 | 1.2x |
| Kemp Mill, MD | 14,509 | 141 | 1.0x |
| Colesville, MD | 14,468 | 140 | 1.0x |
| Urbana, MD | 12,841 | 149 | 1.1x |
| Travilah, MD | 11,052 | 227 | 1.6x |
| Mount Airy, MD | 9,621 | 133 | 1.0x |
| South Kensington, MD | 8,566 | 181 | 1.3x |
