Ferndale, MD Cost Of Living
Cost Of Living In Ferndale, MD Summary
Cost of living in Ferndale 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 Ferndale 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 Ferndale is 111, with 100 being the average.
The cost of living index in Ferndale is 1.1x higher than the national average.
Ferndale ranks as the #38 cheapest in Maryland out of 188.
Ferndale ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Ferndale is $267,900.
The median income in Ferndale is $77,613.
Table Of Contents
Ferndale's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Ferndale, MD?
According to the most recent data on the cost of living, Ferndale has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Maryland, Ferndale has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Ferndale ranks as #38 most affordable out of the 188 places we measured in Maryland. By definition, that implies Ferndale ranks as the #150 most expensive place in the Old Line State.
For more reading on life in Ferndale, check out:
- Living In Ferndale
- Search Homes For Sale In Ferndale, MD
In Maryland
In America
Ferndale Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Ferndale. Here is how it fairs on each of the criteria:
The Services index in Ferndale is 105.
The Groceries index in Ferndale is 111.
The Health index in Ferndale is 84.
The Housing index in Ferndale is 132.
The Transportation index in Ferndale is 102.
The Utilities index in Ferndale is 104.
| Living Expense | Ferndale | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 111 | 120 | 100 | |
| Services | 105 | 109 | 100 | |
| Groceries | 111 | 108 | 100 | |
| Health | 84 | 92 | 100 | |
| Housing | 132 | 156 | 100 | |
| Transportation | 102 | 100 | 100 | |
| Utilities | 104 | 108 | 100 | |
Ferndale, 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 Ferndale is $267,900.
The Median Rent in Ferndale is $1,561.
The Median Income in Ferndale is $77,613.
The Home Value To Income in Ferndale is 3.5x.
The Rent To Monthly Income in Ferndale is 0.24x.
| Statistic | Ferndale | Maryland | United States |
|---|---|---|---|
| Median Home Value | $267,900 | $338,500 | $244,900 |
| Median Rent | $1,561 | $1,485 | $1,163 |
| Median Income | $77,613 | $91,431 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Ferndale, MD Costs By Category
Detailed Ferndale Services Costs Vs. Maryland
Detailed Ferndale Groceries Costs Vs. Maryland
Detailed Ferndale Health Costs Vs. Maryland
Detailed Ferndale Transportation Costs Vs. Maryland
Detailed Ferndale Utilities Costs Vs. Maryland
Ferndale SnackAbility
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Cost Of Living In Cities Around Ferndale
The cost of living varies in the cities and towns around Ferndale. 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 129, 1.2x Ferndale.
Glen Burnie, MD has a cost of living index of 112, 1.0x Ferndale.
Bowie, MD has a cost of living index of 134, 1.2x Ferndale.
| City | Population | Cost Of Living | Vs. Ferndale |
|---|---|---|---|
| Columbia, MD | 105,086 | 129 | 1.2x |
| Glen Burnie, MD | 69,739 | 112 | 1.0x |
| Bowie, MD | 58,113 | 134 | 1.2x |
| Severn, MD | 53,955 | 127 | 1.1x |
| Severna Park, MD | 39,108 | 146 | 1.3x |
| Pasadena, MD | 31,583 | 122 | 1.1x |
| Crofton, MD | 29,812 | 140 | 1.3x |
| Ilchester, MD | 27,513 | 133 | 1.2x |
| North Laurel, MD | 24,233 | 129 | 1.2x |
| Elkridge, MD | 24,115 | 127 | 1.1x |
