Eldersburg, MD Cost Of Living
Cost Of Living In Eldersburg, MD Summary
Cost of living in Eldersburg 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 Eldersburg 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 Eldersburg is 127, with 100 being the average.
The cost of living index in Eldersburg is 1.3x higher than the national average.
Eldersburg ranks as the #93 cheapest in Maryland out of 194.
Eldersburg ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in Eldersburg is $514,831.
The median income in Eldersburg is $146,598.
Table Of Contents
Eldersburg's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Eldersburg, MD?
According to the most recent data on the cost of living, Eldersburg has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Maryland, Eldersburg has a cost of living index that's 1.0x higher than Maryland's index of 121.
The standard of living in Eldersburg ranks as #93 most affordable out of the 194 places we measured in Maryland. By definition, that implies Eldersburg ranks as the #101 most expensive place in the Old Line State.
For more reading on life in Eldersburg, check out:
In Maryland
In America
Eldersburg Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Eldersburg. Here is how it fairs on each of the criteria:
The Services index in Eldersburg is 101.
The Groceries index in Eldersburg is 106.
The Health index in Eldersburg is 98.
The Housing index in Eldersburg is 189.
The Transportation index in Eldersburg is 101.
The Utilities index in Eldersburg is 110.
| Living Expense | Eldersburg | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 127 | 121 | 100 | |
| Services | 101 | 105 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 189 | 150 | 100 | |
| Transportation | 101 | 99 | 100 | |
| Utilities | 110 | 113 | 100 | |
Eldersburg, 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 Eldersburg is $514,831.
The Median Rent in Eldersburg is $1,655.
The Median Income in Eldersburg is $146,598.
The Home Value To Income in Eldersburg is 3.5x.
The Rent To Monthly Income in Eldersburg is 0.14x.
| Statistic | Eldersburg | Maryland | United States |
|---|---|---|---|
| Median Home Value | $514,831 | $427,628 | $303,400 |
| Median Rent | $1,655 | $1,662 | $1,348 |
| Median Income | $146,598 | $101,652 | $78,538 |
| Home Value To Income | 3.5x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Eldersburg, MD Costs By Category
Detailed Eldersburg Services Costs Vs. Maryland
| Item | Eldersburg | Maryland |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $13.69 | $12.13 |
| Bowling | $23.03 | $18 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $58.17 | $45.56 |
Detailed Eldersburg Groceries Costs Vs. Maryland
| Item | Eldersburg | Maryland |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.46 | $4.93 |
| Pizza | $13.24 | $12.09 |
| Beer | $10.36 | $10.41 |
| Toothpaste | $3.69 | $3.7 |
Detailed Eldersburg Health Costs Vs. Maryland
| Item | Eldersburg | Maryland |
|---|---|---|
| Optometrist | $114.22 | $125.68 |
| Doctor | $133.22 | $135.78 |
| Dentist | $117.22 | $113.29 |
Detailed Eldersburg Transportation Costs Vs. Maryland
| Item | Eldersburg | Maryland |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $62.66 | $59.92 |
Detailed Eldersburg Utilities Costs Vs. Maryland
| Item | Eldersburg | Maryland |
|---|---|---|
| All Electricity | $223.91 | $193.99 |
| Phone | $199.62 | $192.25 |
Eldersburg SnackAbility
/10
Cost Of Living In Cities Around Eldersburg
The cost of living varies in the cities and towns around Eldersburg. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, MD has a cost of living index of 131, 1.0x Eldersburg.
Olney, MD has a cost of living index of 153, 1.2x Eldersburg.
Randallstown, MD has a cost of living index of 114, 0.9x Eldersburg.
| City | Population | Cost Of Living | Vs. Eldersburg |
|---|---|---|---|
| Columbia, MD | 105,871 | 131 | 1.0x |
| Olney, MD | 36,000 | 153 | 1.2x |
| Randallstown, MD | 35,975 | 114 | 0.9x |
| Owings Mills, MD | 35,626 | 119 | 0.9x |
| Milford Mill, MD | 31,939 | 110 | 0.9x |
| Reisterstown, MD | 27,764 | 115 | 0.9x |
| Ilchester, MD | 27,552 | 136 | 1.1x |
| Elkridge, MD | 26,183 | 131 | 1.0x |
| North Laurel, MD | 25,201 | 132 | 1.0x |
| Westminster, MD | 20,257 | 112 | 0.9x |
