Cost of living in East Riverdale 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 East Riverdale 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 East Riverdale is 117, with 100 being the average.
The cost of living index in East Riverdale is 1.2x higher than the national average.
East Riverdale ranks as the #70 cheapest in Maryland out of 188.
East Riverdale ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in East Riverdale is $291,800.
The median income in East Riverdale is $81,458.
According to the most recent data on the cost of living, East Riverdale has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Maryland, East Riverdale has a cost of living index that's 1.0x lower than Maryland's index of 120.
The standard of living in East Riverdale ranks as #70 most affordable out of the 188 places we measured in Maryland. By definition, that implies East Riverdale ranks as the #118 most expensive place in the Old Line State.
For more reading on life in East Riverdale, check out:
Six factors go into calculating the cost of living index in East Riverdale. Here is how it fairs on each of the criteria:
The Services index in East Riverdale is 123.
The Groceries index in East Riverdale is 115.
The Health index in East Riverdale is 93.
The Housing index in East Riverdale is 119.
The Transportation index in East Riverdale is 107.
The Utilities index in East Riverdale is 115.
|Living Expense||East Riverdale||Maryland||National Average|
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 East Riverdale is $291,800.
The Median Rent in East Riverdale is $1,462.
The Median Income in East Riverdale is $81,458.
The Home Value To Income in East Riverdale is 3.6x.
The Rent To Monthly Income in East Riverdale is 0.22x.
|Statistic||East Riverdale||Maryland||United States|
|Median Home Value||$291,800||$338,500||$244,900|
|Home Value To Income||3.6x||3.7x||3.5x|
|Rent To Monthly Income||0.22x||0.19x||0.2x|
The cost of living varies in the cities and towns around East Riverdale. 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, 1.3x East Riverdale.
Ilchester, MD has a cost of living index of 133, 1.1x East Riverdale.
North Potomac, MD has a cost of living index of 167, 1.4x East Riverdale.
|City||Population||Cost Of Living||Vs. East Riverdale|
|North Potomac, MD||24,449||167||1.4x|
|North Laurel, MD||24,233||129||1.1x|
|Kemp Mill, MD||14,509||141||1.2x|
|New Carrollton, MD||13,574||118||1.0x|
|South Kensington, MD||8,566||181||1.5x|