Germantown, MD Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Germantown, MD Summary

Cost of living in Germantown 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 Germantown 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 Germantown is 130, with 100 being the average.

  • The cost of living index in Germantown is 1.3x higher than the national average.

  • Germantown ranks as the #132 cheapest in Maryland out of 188.

  • Germantown ranks as the #5,259 cheapest out of 6,412 in the US.

  • The median home value in Germantown is $357,100.

  • The median income in Germantown is $104,061.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
130
Germantown's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Germantown, MD?

According to the most recent data on the cost of living, Germantown has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.

Compared to Maryland, Germantown has a cost of living index that's 1.1x higher than Maryland's index of 120.

The standard of living in Germantown ranks as #132 most affordable out of the 188 places we measured in Maryland. By definition, that implies Germantown ranks as the #56 most expensive place in the Old Line State.

For more reading on life in Germantown, check out:

132 out of 188
In Maryland
5,259 out of 6,412
In America

Germantown Cost Of Living Vs. Maryland

Six factors go into calculating the cost of living index in Germantown. Here is how it fairs on each of the criteria:

  • The Services index in Germantown is 115.

  • The Groceries index in Germantown is 115.

  • The Health index in Germantown is 85.

  • The Housing index in Germantown is 173.

  • The Transportation index in Germantown is 117.

  • The Utilities index in Germantown is 110.

Living Expense Germantown Maryland National Average
Overall 130 120 100
Services 115 109 100
Groceries 115 108 100
Health 85 92 100
Housing 173 156 100
Transportation 117 100 100
Utilities 110 108 100
For more reading on cost of living around Maryland, check out:
Germantown Cost of Living Vs. MD

Germantown, 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 Germantown is $357,100.

  • The Median Rent in Germantown is $1,822.

  • The Median Income in Germantown is $104,061.

  • The Home Value To Income in Germantown is 3.4x.

  • The Rent To Monthly Income in Germantown is 0.21x.

Statistic Germantown Maryland United States
Median Home Value $357,100 $338,500 $244,900
Median Rent $1,822 $1,485 $1,163
Median Income $104,061 $91,431 $69,021
Home Value To Income 3.4x 3.7x 3.5x
Rent To Monthly Income 0.21x 0.19x 0.2x
Search Homes For Sale In Germantown, MD
$357,100
Median Home Value
$1,822
Median Rent
$104,061
Median Income

Germantown, MD Costs By Category

Detailed Germantown Services Costs Vs. Maryland

Item Germantown Maryland
Shampoo $1.43 $1.06
Movie $12.5 $10.68
Bowling $21.25 $14.67
Haircut $31.92 $18.62
Beauty Salon $63.67 $39.05

Detailed Germantown Groceries Costs Vs. Maryland

Item Germantown Maryland
Ground Beef $4.7 $4.22
Fried Chicken $1.75 $1.39
Milk $2.49 $2.05
Potatoes $3.99 $3.29
Pizza $11.99 $10.62
Beer $10.99 $9.38
Toothpaste $2.74 $2.34

Detailed Germantown Health Costs Vs. Maryland

Item Germantown Maryland
Optometrist $75.0 $108.57
Doctor $97.0 $116.17
Dentist $87.0 $99.13

Detailed Germantown Transportation Costs Vs. Maryland

Item Germantown Maryland
Gasoline $2.44 $2.22
Tire Balancing $62.0 $50.07

Detailed Germantown Utilities Costs Vs. Maryland

Item Germantown Maryland
All Electricity $193.98 $167.67
Phone $190.63 $175.64

Germantown SnackAbility

7
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
6
Diversity
10
Safety
N/A
Amenities
10
Education
8
Commute
3

Cost Of Living In Cities Around Germantown

The cost of living varies in the cities and towns around Germantown. Here's a quick look at the cost of living in the most populous nearby places:

  • Gaithersburg, MD has a cost of living index of 134, 1.0x Germantown.

  • Olney, MD has a cost of living index of 150, 1.2x Germantown.

  • Clarksburg, MD has a cost of living index of 153, 1.2x Germantown.

City Population Cost Of Living Vs. Germantown
Gaithersburg, MD 68,827 134 1.0x
Olney, MD 35,815 150 1.2x
Clarksburg, MD 27,354 153 1.2x
North Potomac, MD 24,449 167 1.3x
Redland, MD 17,965 140 1.1x
Kemp Mill, MD 14,509 141 1.1x
Colesville, MD 14,468 140 1.1x
Travilah, MD 11,052 227 1.7x
South Kensington, MD 8,566 181 1.4x
Four Corners, MD 8,131 148 1.1x

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