Cost of living in Four Corners 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 Four Corners 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 Four Corners is 148, with 100 being the average.
The cost of living index in Four Corners is 1.5x higher than the national average.
Four Corners ranks as the #169 cheapest in Maryland out of 188.
Four Corners ranks as the #5,800 cheapest out of 6,412 in the US.
The median home value in Four Corners is $521,700.
The median income in Four Corners is $168,393.
According to the most recent data on the cost of living, Four Corners has an overall cost of living index of 148, which is 1.5x higher than the national index of 100.
Compared to Maryland, Four Corners has a cost of living index that's 1.2x higher than Maryland's index of 120.
The standard of living in Four Corners ranks as #169 most affordable out of the 188 places we measured in Maryland. By definition, that implies Four Corners ranks as the #19 most expensive place in the Old Line State.
For more reading on life in Four Corners, check out:
Six factors go into calculating the cost of living index in Four Corners. Here is how it fairs on each of the criteria:
The Services index in Four Corners is 117.
The Groceries index in Four Corners is 115.
The Health index in Four Corners is 88.
The Housing index in Four Corners is 229.
The Transportation index in Four Corners is 113.
The Utilities index in Four Corners is 113.
|Living Expense||Four Corners||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 Four Corners is $521,700.
The Median Rent in Four Corners is $2,422.
The Median Income in Four Corners is $168,393.
The Home Value To Income in Four Corners is 3.1x.
The Rent To Monthly Income in Four Corners is 0.17x.
|Statistic||Four Corners||Maryland||United States|
|Median Home Value||$521,700||$338,500||$244,900|
|Home Value To Income||3.1x||3.7x||3.5x|
|Rent To Monthly Income||0.17x||0.19x||0.2x|
The cost of living varies in the cities and towns around Four Corners. 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 147, 1.0x Four Corners.
Wheaton, MD has a cost of living index of 132, 0.9x Four Corners.
Olney, MD has a cost of living index of 150, 1.0x Four Corners.
|City||Population||Cost Of Living||Vs. Four Corners|
|Silver Spring, MD||82,472||147||1.0x|
|North Potomac, MD||24,449||167||1.1x|
|North Laurel, MD||24,233||129||0.9x|
|Langley Park, MD||20,769||119||0.8x|
|Takoma Park, MD||17,610||151||1.0x|