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 134, with 100 being the average.
The cost of living index in Gaithersburg is 1.3x higher than the national average.
Gaithersburg ranks as the #143 cheapest in Maryland out of 188.
Gaithersburg ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Gaithersburg is $427,400.
The median income in Gaithersburg is $98,089.
According to the most recent data on the cost of living, Gaithersburg has an overall cost of living index of 134, which is 1.3x 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 120.
The standard of living in Gaithersburg ranks as #143 most affordable out of the 188 places we measured in Maryland. By definition, that implies Gaithersburg ranks as the #45 most expensive place in the Old Line State.
For more reading on life in Gaithersburg, check out:
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 116.
The Groceries index in Gaithersburg is 116.
The Health index in Gaithersburg is 85.
The Housing index in Gaithersburg is 191.
The Transportation index in Gaithersburg is 115.
The Utilities index in Gaithersburg is 113.
|Living Expense||Gaithersburg||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 Gaithersburg is $427,400.
The Median Rent in Gaithersburg is $1,811.
The Median Income in Gaithersburg is $98,089.
The Home Value To Income in Gaithersburg is 4.4x.
The Rent To Monthly Income in Gaithersburg is 0.22x.
|Median Home Value||$427,400||$338,500||$244,900|
|Home Value To Income||4.4x||3.7x||3.5x|
|Rent To Monthly Income||0.22x||0.19x||0.2x|
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 130, 1.0x Gaithersburg.
Rockville, MD has a cost of living index of 154, 1.1x Gaithersburg.
Potomac, MD has a cost of living index of 198, 1.5x Gaithersburg.
|City||Population||Cost Of Living||Vs. Gaithersburg|
|North Potomac, MD||24,449||167||1.2x|
|Kemp Mill, MD||14,509||141||1.1x|