Hampstead, MD Cost Of Living
Cost Of Living In Hampstead, MD Summary
Cost of living in Hampstead 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 Hampstead 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 Hampstead is 109, with 100 being the average.
The cost of living index in Hampstead is 1.1x higher than the national average.
Hampstead ranks as the #24 cheapest in Maryland out of 194.
Hampstead ranks as the #3,556 cheapest out of 6,489 in the US.
The median home value in Hampstead is $433,602.
The median income in Hampstead is $96,802.
Table Of Contents
Hampstead's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hampstead, MD?
According to the most recent data on the cost of living, Hampstead has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Maryland, Hampstead has a cost of living index that's 0.9x lower than Maryland's index of 121.
The standard of living in Hampstead ranks as #24 most affordable out of the 194 places we measured in Maryland. By definition, that implies Hampstead ranks as the #170 most expensive place in the Old Line State.
For more reading on life in Hampstead, check out:
In Maryland
In America
Hampstead Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Hampstead. Here is how it fairs on each of the criteria:
The Services index in Hampstead is 101.
The Groceries index in Hampstead is 104.
The Health index in Hampstead is 100.
The Housing index in Hampstead is 118.
The Transportation index in Hampstead is 99.
The Utilities index in Hampstead is 111.
| Living Expense | Hampstead | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 109 | 121 | 100 | |
| Services | 101 | 105 | 100 | |
| Groceries | 104 | 107 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 118 | 150 | 100 | |
| Transportation | 99 | 99 | 100 | |
| Utilities | 111 | 113 | 100 | |
Hampstead, 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 Hampstead is $433,602.
The Median Rent in Hampstead is $1,229.
The Median Income in Hampstead is $96,802.
The Home Value To Income in Hampstead is 4.5x.
The Rent To Monthly Income in Hampstead is 0.15x.
Median Home Value
Median Rent
Median Income
Hampstead, MD Costs By Category
Detailed Hampstead Services Costs Vs. Maryland
Detailed Hampstead Groceries Costs Vs. Maryland
Detailed Hampstead Health Costs Vs. Maryland
Detailed Hampstead Transportation Costs Vs. Maryland
Detailed Hampstead Utilities Costs Vs. Maryland
Hampstead SnackAbility
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Cost Of Living In Cities Around Hampstead
The cost of living varies in the cities and towns around Hampstead. Here's a quick look at the cost of living in the most populous nearby places:
Towson, MD has a cost of living index of 127, 1.2x Hampstead.
Randallstown, MD has a cost of living index of 114, 1.0x Hampstead.
Pikesville, MD has a cost of living index of 125, 1.1x Hampstead.
| City | Population | Cost Of Living | Vs. Hampstead |
|---|---|---|---|
| Towson, MD | 57,683 | 127 | 1.2x |
| Randallstown, MD | 35,975 | 114 | 1.0x |
| Pikesville, MD | 34,253 | 125 | 1.1x |
| Eldersburg, MD | 30,626 | 127 | 1.2x |
| Reisterstown, MD | 27,764 | 115 | 1.1x |
| Westminster, MD | 20,257 | 112 | 1.0x |
| Hanover, PA | 16,483 | 97 | 0.9x |
| Mays Chapel, MD | 15,616 | 135 | 1.2x |
| Timonium, MD | 10,880 | 131 | 1.2x |
| Parkville, PA | 8,354 | 103 | 0.9x |
