Cost of living in Glenmont 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 Glenmont 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 Glenmont is 138, with 100 being the average.
The cost of living index in Glenmont is 1.4x higher than the national average.
Glenmont ranks as the #150 cheapest in Maryland out of 194.
Glenmont ranks as the #5,329 cheapest out of 6,489 in the US.
The median home value in Glenmont is $583,110.
The median income in Glenmont is $115,058.
According to the most recent data on the cost of living, Glenmont has an overall cost of living index of 138, which is 1.4x higher than the national index of 100.
Compared to Maryland, Glenmont has a cost of living index that's 1.1x higher than Maryland's index of 121.
The standard of living in Glenmont ranks as #150 most affordable out of the 194 places we measured in Maryland. By definition, that implies Glenmont ranks as the #44 most expensive place in the Old Line State.
For more reading on life in Glenmont, check out:
Six factors go into calculating the cost of living index in Glenmont. Here is how it fairs on each of the criteria:
The Services index in Glenmont is 110.
The Groceries index in Glenmont is 108.
The Health index in Glenmont is 96.
The Housing index in Glenmont is 216.
The Transportation index in Glenmont is 96.
The Utilities index in Glenmont is 111.
| Living Expense | Glenmont | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 138 | 121 | 100 | |
| Services | 110 | 105 | 100 | |
| Groceries | 108 | 107 | 100 | |
| Health | 96 | 96 | 100 | |
| Housing | 216 | 150 | 100 | |
| Transportation | 96 | 99 | 100 | |
| Utilities | 111 | 113 | 100 | |
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 Glenmont is $583,110.
The Median Rent in Glenmont is $1,959.
The Median Income in Glenmont is $115,058.
The Home Value To Income in Glenmont is 5.1x.
The Rent To Monthly Income in Glenmont is 0.2x.
The cost of living varies in the cities and towns around Glenmont. Here's a quick look at the cost of living in the most populous nearby places:
Aspen Hill, MD has a cost of living index of 140, 1.0x Glenmont.
Wheaton, MD has a cost of living index of 134, 1.0x Glenmont.
Olney, MD has a cost of living index of 153, 1.1x Glenmont.
| City | Population | Cost Of Living | Vs. Glenmont |
|---|---|---|---|
| Aspen Hill, MD | 53,752 | 140 | 1.0x |
| Wheaton, MD | 52,172 | 134 | 1.0x |
| Olney, MD | 36,000 | 153 | 1.1x |
| Ilchester, MD | 27,552 | 136 | 1.0x |
| North Laurel, MD | 25,201 | 132 | 1.0x |
| North Potomac, MD | 23,994 | 172 | 1.2x |
| White Oak, MD | 16,458 | 136 | 1.0x |
| Kemp Mill, MD | 14,437 | 145 | 1.1x |
| Colesville, MD | 14,075 | 140 | 1.0x |
| North Kensington, MD | 8,980 | 141 | 1.0x |