Cost of living in Dundalk 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 Dundalk 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 Dundalk is 103, with 100 being the average.
The cost of living index in Dundalk is 1.0x higher than the national average.
Dundalk ranks as the #8 cheapest in Maryland out of 194.
Dundalk ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Dundalk is $221,084.
The median income in Dundalk is $62,349.
According to the most recent data on the cost of living, Dundalk has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Maryland, Dundalk has a cost of living index that's 0.9x lower than Maryland's index of 121.
The standard of living in Dundalk ranks as #8 most affordable out of the 194 places we measured in Maryland. By definition, that implies Dundalk ranks as the #186 most expensive place in the Old Line State.
For more reading on life in Dundalk, check out:
Six factors go into calculating the cost of living index in Dundalk. Here is how it fairs on each of the criteria:
The Services index in Dundalk is 105.
The Groceries index in Dundalk is 105.
The Health index in Dundalk is 99.
The Housing index in Dundalk is 96.
The Transportation index in Dundalk is 100.
The Utilities index in Dundalk is 112.
| Living Expense | Dundalk | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 103 | 121 | 100 | |
| Services | 105 | 105 | 100 | |
| Groceries | 105 | 107 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 96 | 150 | 100 | |
| Transportation | 100 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
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 Dundalk is $221,084.
The Median Rent in Dundalk is $1,412.
The Median Income in Dundalk is $62,349.
The Home Value To Income in Dundalk is 3.5x.
The Rent To Monthly Income in Dundalk is 0.27x.
The cost of living varies in the cities and towns around Dundalk. Here's a quick look at the cost of living in the most populous nearby places:
Baltimore, MD has a cost of living index of 103, 1.0x Dundalk.
Columbia, MD has a cost of living index of 131, 1.3x Dundalk.
Bel Air South, MD has a cost of living index of 119, 1.2x Dundalk.
| City | Population | Cost Of Living | Vs. Dundalk |
|---|---|---|---|
| Baltimore, MD | 577,193 | 103 | 1.0x |
| Columbia, MD | 105,871 | 131 | 1.3x |
| Bel Air South, MD | 57,702 | 119 | 1.2x |
| Essex, MD | 40,670 | 106 | 1.0x |
| Severna Park, MD | 39,499 | 152 | 1.5x |
| Middle River, MD | 31,616 | 106 | 1.0x |
| Ilchester, MD | 27,552 | 136 | 1.3x |
| Elkridge, MD | 26,183 | 131 | 1.3x |
| Arnold, MD | 23,866 | 142 | 1.4x |
| Rosedale, MD | 20,845 | 107 | 1.0x |