Elkridge, MD Cost Of Living
Cost Of Living In Elkridge, MD Summary
Cost of living in Elkridge 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 Elkridge 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 Elkridge is 131, with 100 being the average.
The cost of living index in Elkridge is 1.3x higher than the national average.
Elkridge ranks as the #117 cheapest in Maryland out of 194.
Elkridge ranks as the #5,035 cheapest out of 6,489 in the US.
The median home value in Elkridge is $487,671.
The median income in Elkridge is $135,412.
Table Of Contents
Elkridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Elkridge, MD?
According to the most recent data on the cost of living, Elkridge has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Maryland, Elkridge has a cost of living index that's 1.1x higher than Maryland's index of 121.
The standard of living in Elkridge ranks as #117 most affordable out of the 194 places we measured in Maryland. By definition, that implies Elkridge ranks as the #77 most expensive place in the Old Line State.
For more reading on life in Elkridge, check out:
In Maryland
In America
Elkridge Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Elkridge. Here is how it fairs on each of the criteria:
The Services index in Elkridge is 104.
The Groceries index in Elkridge is 104.
The Health index in Elkridge is 96.
The Housing index in Elkridge is 195.
The Transportation index in Elkridge is 100.
The Utilities index in Elkridge is 112.
| Living Expense | Elkridge | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 131 | 121 | 100 | |
| Services | 104 | 105 | 100 | |
| Groceries | 104 | 107 | 100 | |
| Health | 96 | 96 | 100 | |
| Housing | 195 | 150 | 100 | |
| Transportation | 100 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
Elkridge, 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 Elkridge is $487,671.
The Median Rent in Elkridge is $2,206.
The Median Income in Elkridge is $135,412.
The Home Value To Income in Elkridge is 3.6x.
The Rent To Monthly Income in Elkridge is 0.2x.
Median Home Value
Median Rent
Median Income
Elkridge, MD Costs By Category
Detailed Elkridge Services Costs Vs. Maryland
Detailed Elkridge Groceries Costs Vs. Maryland
Detailed Elkridge Health Costs Vs. Maryland
Detailed Elkridge Transportation Costs Vs. Maryland
Detailed Elkridge Utilities Costs Vs. Maryland
Elkridge SnackAbility
/10
Cost Of Living In Cities Around Elkridge
The cost of living varies in the cities and towns around Elkridge. 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 Elkridge.
Severn, MD has a cost of living index of 133, 1.0x Elkridge.
Catonsville, MD has a cost of living index of 123, 0.9x Elkridge.
| City | Population | Cost Of Living | Vs. Elkridge |
|---|---|---|---|
| Columbia, MD | 105,871 | 131 | 1.0x |
| Severn, MD | 58,041 | 133 | 1.0x |
| Catonsville, MD | 42,717 | 123 | 0.9x |
| Olney, MD | 36,000 | 153 | 1.2x |
| Ilchester, MD | 27,552 | 136 | 1.0x |
| North Laurel, MD | 25,201 | 132 | 1.0x |
| Arbutus, MD | 20,869 | 111 | 0.8x |
| Ferndale, MD | 17,076 | 115 | 0.9x |
| Cloverly, MD | 16,726 | 148 | 1.1x |
| Kemp Mill, MD | 14,437 | 145 | 1.1x |
