Forest Glen, MD Cost Of Living
Cost Of Living In Forest Glen, MD Summary
Cost of living in Forest Glen 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 Forest Glen 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 Forest Glen is 143, with 100 being the average.
The cost of living index in Forest Glen is 1.4x higher than the national average.
Forest Glen ranks as the #161 cheapest in Maryland out of 194.
Forest Glen ranks as the #5,499 cheapest out of 6,489 in the US.
The median home value in Forest Glen is $650,314.
The median income in Forest Glen is $127,196.
Table Of Contents
Forest Glen's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Forest Glen, MD?
According to the most recent data on the cost of living, Forest Glen has an overall cost of living index of 143, which is 1.4x higher than the national index of 100.
Compared to Maryland, Forest Glen has a cost of living index that's 1.2x higher than Maryland's index of 121.
The standard of living in Forest Glen ranks as #161 most affordable out of the 194 places we measured in Maryland. By definition, that implies Forest Glen ranks as the #33 most expensive place in the Old Line State.
For more reading on life in Forest Glen, check out:
In Maryland
In America
Forest Glen Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Forest Glen. Here is how it fairs on each of the criteria:
The Services index in Forest Glen is 107.
The Groceries index in Forest Glen is 110.
The Health index in Forest Glen is 97.
The Housing index in Forest Glen is 227.
The Transportation index in Forest Glen is 96.
The Utilities index in Forest Glen is 112.
| Living Expense | Forest Glen | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 143 | 121 | 100 | |
| Services | 107 | 105 | 100 | |
| Groceries | 110 | 107 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 227 | 150 | 100 | |
| Transportation | 96 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
Forest Glen, 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 Forest Glen is $650,314.
The Median Rent in Forest Glen is $1,553.
The Median Income in Forest Glen is $127,196.
The Home Value To Income in Forest Glen is 5.1x.
The Rent To Monthly Income in Forest Glen is 0.15x.
| Statistic | Forest Glen | Maryland | United States |
|---|---|---|---|
| Median Home Value | $650,314 | $427,628 | $303,400 |
| Median Rent | $1,553 | $1,662 | $1,348 |
| Median Income | $127,196 | $101,652 | $78,538 |
| Home Value To Income | 5.1x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Forest Glen, MD Costs By Category
Detailed Forest Glen Services Costs Vs. Maryland
| Item | Forest Glen | Maryland |
|---|---|---|
| Shampoo | $1.51 | $1.28 |
| Movie | $15.69 | $12.13 |
| Bowling | $24.83 | $18 |
| Haircut | $26.11 | $24.26 |
| Beauty Salon | $70.08 | $45.56 |
Detailed Forest Glen Groceries Costs Vs. Maryland
| Item | Forest Glen | Maryland |
|---|---|---|
| Ground Beef | $6.24 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $5.49 | $4.93 |
| Pizza | $12.56 | $12.09 |
| Beer | $11.1 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Forest Glen Health Costs Vs. Maryland
| Item | Forest Glen | Maryland |
|---|---|---|
| Optometrist | $92.0 | $125.68 |
| Doctor | $135.03 | $135.78 |
| Dentist | $117.67 | $113.29 |
Detailed Forest Glen Transportation Costs Vs. Maryland
| Item | Forest Glen | Maryland |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $59.0 | $59.92 |
Detailed Forest Glen Utilities Costs Vs. Maryland
| Item | Forest Glen | Maryland |
|---|---|---|
| All Electricity | $222.47 | $193.99 |
| Phone | $197.37 | $192.25 |
Forest Glen SnackAbility
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Cost Of Living In Cities Around Forest Glen
The cost of living varies in the cities and towns around Forest Glen. Here's a quick look at the cost of living in the most populous nearby places:
Silver Spring, MD has a cost of living index of 152, 1.1x Forest Glen.
Wheaton, MD has a cost of living index of 134, 0.9x Forest Glen.
Olney, MD has a cost of living index of 153, 1.1x Forest Glen.
| City | Population | Cost Of Living | Vs. Forest Glen |
|---|---|---|---|
| Silver Spring, MD | 82,129 | 152 | 1.1x |
| Wheaton, MD | 52,172 | 134 | 0.9x |
| Olney, MD | 36,000 | 153 | 1.1x |
| Clarksburg, MD | 29,246 | 152 | 1.1x |
| North Laurel, MD | 25,201 | 132 | 0.9x |
| North Potomac, MD | 23,994 | 172 | 1.2x |
| Kemp Mill, MD | 14,437 | 145 | 1.0x |
| Colesville, MD | 14,075 | 140 | 1.0x |
| Chevy Chase, MD | 9,484 | 257 | 1.8x |
| North Kensington, MD | 8,980 | 141 | 1.0x |
