Gaithersburg, MD Cost Of Living
Cost Of Living In Gaithersburg, MD Summary
Cost of living in Gaithersburg 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 Gaithersburg 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 Gaithersburg is 136, with 100 being the average.
The cost of living index in Gaithersburg is 1.4x higher than the national average.
Gaithersburg ranks as the #141 cheapest in Maryland out of 194.
Gaithersburg ranks as the #5,256 cheapest out of 6,489 in the US.
The median home value in Gaithersburg is $524,992.
The median income in Gaithersburg is $107,496.
Table Of Contents
Gaithersburg's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Gaithersburg, MD?
According to the most recent data on the cost of living, Gaithersburg has an overall cost of living index of 136, which is 1.4x higher than the national index of 100.
Compared to Maryland, Gaithersburg has a cost of living index that's 1.1x higher than Maryland's index of 121.
The standard of living in Gaithersburg ranks as #141 most affordable out of the 194 places we measured in Maryland. By definition, that implies Gaithersburg ranks as the #53 most expensive place in the Old Line State.
For more reading on life in Gaithersburg, check out:
In Maryland
In America
Gaithersburg Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Gaithersburg. Here is how it fairs on each of the criteria:
The Services index in Gaithersburg is 110.
The Groceries index in Gaithersburg is 106.
The Health index in Gaithersburg is 99.
The Housing index in Gaithersburg is 214.
The Transportation index in Gaithersburg is 97.
The Utilities index in Gaithersburg is 111.
| Living Expense | Gaithersburg | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 136 | 121 | 100 | |
| Services | 110 | 105 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 214 | 150 | 100 | |
| Transportation | 97 | 99 | 100 | |
| Utilities | 111 | 113 | 100 | |
Gaithersburg, 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 Gaithersburg is $524,992.
The Median Rent in Gaithersburg is $2,008.
The Median Income in Gaithersburg is $107,496.
The Home Value To Income in Gaithersburg is 4.9x.
The Rent To Monthly Income in Gaithersburg is 0.22x.
| Statistic | Gaithersburg | Maryland | United States |
|---|---|---|---|
| Median Home Value | $524,992 | $427,628 | $303,400 |
| Median Rent | $2,008 | $1,662 | $1,348 |
| Median Income | $107,496 | $101,652 | $78,538 |
| Home Value To Income | 4.9x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Gaithersburg, MD Costs By Category
Detailed Gaithersburg Services Costs Vs. Maryland
| Item | Gaithersburg | 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 Gaithersburg Groceries Costs Vs. Maryland
| Item | Gaithersburg | 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 Gaithersburg Health Costs Vs. Maryland
| Item | Gaithersburg | Maryland |
|---|---|---|
| Optometrist | $92.0 | $125.68 |
| Doctor | $135.03 | $135.78 |
| Dentist | $117.67 | $113.29 |
Detailed Gaithersburg Transportation Costs Vs. Maryland
| Item | Gaithersburg | Maryland |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $59.0 | $59.92 |
Detailed Gaithersburg Utilities Costs Vs. Maryland
| Item | Gaithersburg | Maryland |
|---|---|---|
| All Electricity | $222.47 | $193.99 |
| Phone | $197.37 | $192.25 |
Gaithersburg SnackAbility
/10
Cost Of Living In Cities Around Gaithersburg
The cost of living varies in the cities and towns around Gaithersburg. Here's a quick look at the cost of living in the most populous nearby places:
Germantown, MD has a cost of living index of 132, 1.0x Gaithersburg.
Rockville, MD has a cost of living index of 155, 1.1x Gaithersburg.
Potomac, MD has a cost of living index of 199, 1.5x Gaithersburg.
| City | Population | Cost Of Living | Vs. Gaithersburg |
|---|---|---|---|
| Germantown, MD | 90,521 | 132 | 1.0x |
| Rockville, MD | 67,218 | 155 | 1.1x |
| Potomac, MD | 46,230 | 199 | 1.5x |
| Olney, MD | 36,000 | 153 | 1.1x |
| Clarksburg, MD | 29,246 | 152 | 1.1x |
| North Potomac, MD | 23,994 | 172 | 1.3x |
| Redland, MD | 18,976 | 139 | 1.0x |
| Kemp Mill, MD | 14,437 | 145 | 1.1x |
| Colesville, MD | 14,075 | 140 | 1.0x |
| Travilah, MD | 11,128 | 224 | 1.6x |
