Jessup, MD Cost Of Living
Cost Of Living In Jessup, MD Summary
Cost of living in Jessup 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 Jessup 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 Jessup is 123, with 100 being the average.
The cost of living index in Jessup is 1.2x higher than the national average.
Jessup ranks as the #99 cheapest in Maryland out of 188.
Jessup ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Jessup is $360,200.
The median income in Jessup is $125,848.
Table Of Contents
Jessup's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Jessup, MD?
According to the most recent data on the cost of living, Jessup has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Maryland, Jessup has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Jessup ranks as #99 most affordable out of the 188 places we measured in Maryland. By definition, that implies Jessup ranks as the #89 most expensive place in the Old Line State.
For more reading on life in Jessup, check out:
- Living In Jessup
- Search Homes For Sale In Jessup, MD
In Maryland
In America
Jessup Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Jessup. Here is how it fairs on each of the criteria:
The Services index in Jessup is 106.
The Groceries index in Jessup is 115.
The Health index in Jessup is 83.
The Housing index in Jessup is 169.
The Transportation index in Jessup is 101.
The Utilities index in Jessup is 106.
| Living Expense | Jessup | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 123 | 120 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 83 | 92 | 100 | |
| Housing | 169 | 156 | 100 | |
| Transportation | 101 | 100 | 100 | |
| Utilities | 106 | 108 | 100 | |
Jessup, 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 Jessup is $360,200.
The Median Rent in Jessup is $1,778.
The Median Income in Jessup is $125,848.
The Home Value To Income in Jessup is 2.9x.
The Rent To Monthly Income in Jessup is 0.17x.
| Statistic | Jessup | Maryland | United States |
|---|---|---|---|
| Median Home Value | $360,200 | $338,500 | $244,900 |
| Median Rent | $1,778 | $1,485 | $1,163 |
| Median Income | $125,848 | $91,431 | $69,021 |
| Home Value To Income | 2.9x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Jessup, MD Costs By Category
Detailed Jessup Services Costs Vs. Maryland
Detailed Jessup Groceries Costs Vs. Maryland
Detailed Jessup Health Costs Vs. Maryland
Detailed Jessup Transportation Costs Vs. Maryland
Detailed Jessup Utilities Costs Vs. Maryland
Jessup SnackAbility
/10
Cost Of Living In Cities Around Jessup
The cost of living varies in the cities and towns around Jessup. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, MD has a cost of living index of 129, 1.0x Jessup.
Severn, MD has a cost of living index of 127, 1.0x Jessup.
Olney, MD has a cost of living index of 150, 1.2x Jessup.
| City | Population | Cost Of Living | Vs. Jessup |
|---|---|---|---|
| Columbia, MD | 105,086 | 129 | 1.0x |
| Severn, MD | 53,955 | 127 | 1.0x |
| Olney, MD | 35,815 | 150 | 1.2x |
| Laurel, MD | 29,438 | 122 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.1x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Elkridge, MD | 24,115 | 127 | 1.0x |
| Kemp Mill, MD | 14,509 | 141 | 1.1x |
| Colesville, MD | 14,468 | 140 | 1.1x |
| Fort Meade, MD | 11,253 | 120 | 1.0x |
