Hagerstown, MD Cost Of Living
Cost Of Living In Hagerstown, MD Summary
Cost of living in Hagerstown 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 Hagerstown 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 Hagerstown is 103, with 100 being the average.
The cost of living index in Hagerstown is 1.0x higher than the national average.
Hagerstown ranks as the #8 cheapest in Maryland out of 194.
Hagerstown ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Hagerstown is $300,451.
The median income in Hagerstown is $49,957.
Table Of Contents
Hagerstown's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hagerstown, MD?
According to the most recent data on the cost of living, Hagerstown has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Maryland, Hagerstown has a cost of living index that's 0.9x lower than Maryland's index of 121.
The standard of living in Hagerstown ranks as #8 most affordable out of the 194 places we measured in Maryland. By definition, that implies Hagerstown ranks as the #186 most expensive place in the Old Line State.
For more reading on life in Hagerstown, check out:
In Maryland
In America
Hagerstown Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Hagerstown. Here is how it fairs on each of the criteria:
The Services index in Hagerstown is 110.
The Groceries index in Hagerstown is 109.
The Health index in Hagerstown is 95.
The Housing index in Hagerstown is 87.
The Transportation index in Hagerstown is 96.
The Utilities index in Hagerstown is 110.
| Living Expense | Hagerstown | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 103 | 121 | 100 | |
| Services | 110 | 105 | 100 | |
| Groceries | 109 | 107 | 100 | |
| Health | 95 | 96 | 100 | |
| Housing | 87 | 150 | 100 | |
| Transportation | 96 | 99 | 100 | |
| Utilities | 110 | 113 | 100 | |
Hagerstown, 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 Hagerstown is $300,451.
The Median Rent in Hagerstown is $1,041.
The Median Income in Hagerstown is $49,957.
The Home Value To Income in Hagerstown is 6.0x.
The Rent To Monthly Income in Hagerstown is 0.25x.
| Statistic | Hagerstown | Maryland | United States |
|---|---|---|---|
| Median Home Value | $300,451 | $427,628 | $303,400 |
| Median Rent | $1,041 | $1,662 | $1,348 |
| Median Income | $49,957 | $101,652 | $78,538 |
| Home Value To Income | 6.0x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Hagerstown, MD Costs By Category
Detailed Hagerstown Services Costs Vs. Maryland
| Item | Hagerstown | 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 Hagerstown Groceries Costs Vs. Maryland
| Item | Hagerstown | 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 Hagerstown Health Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| Optometrist | $92.0 | $125.68 |
| Doctor | $135.03 | $135.78 |
| Dentist | $117.67 | $113.29 |
Detailed Hagerstown Transportation Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $59.0 | $59.92 |
Detailed Hagerstown Utilities Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| All Electricity | $222.47 | $193.99 |
| Phone | $197.37 | $192.25 |
Hagerstown SnackAbility
/10
Cost Of Living In Cities Around Hagerstown
The cost of living varies in the cities and towns around Hagerstown. Here's a quick look at the cost of living in the most populous nearby places:
Oxford, OH has a cost of living index of 95, 0.9x Hagerstown.
Harrison, OH has a cost of living index of 99, 1.0x Hagerstown.
Englewood, OH has a cost of living index of 92, 0.9x Hagerstown.
| City | Population | Cost Of Living | Vs. Hagerstown |
|---|---|---|---|
| Oxford, OH | 22,069 | 95 | 0.9x |
| Harrison, OH | 13,460 | 99 | 1.0x |
| Englewood, OH | 13,388 | 92 | 0.9x |
| Trenton, OH | 13,304 | 98 | 1.0x |
| Clayton, OH | 13,269 | 96 | 0.9x |
| Greenville, OH | 12,748 | 83 | 0.8x |
| Union, OH | 6,930 | 93 | 0.9x |
| Brookville, OH | 6,234 | 93 | 0.9x |
| Germantown, OH | 5,796 | 95 | 0.9x |
