Cost of living in Kemp Mill 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 Kemp Mill 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 Kemp Mill is 141, with 100 being the average.
The cost of living index in Kemp Mill is 1.4x higher than the national average.
Kemp Mill ranks as the #161 cheapest in Maryland out of 188.
Kemp Mill ranks as the #5,616 cheapest out of 6,412 in the US.
The median home value in Kemp Mill is $450,900.
The median income in Kemp Mill is $141,900.
According to the most recent data on the cost of living, Kemp Mill has an overall cost of living index of 141, which is 1.4x higher than the national index of 100.
Compared to Maryland, Kemp Mill has a cost of living index that's 1.2x higher than Maryland's index of 120.
The standard of living in Kemp Mill ranks as #161 most affordable out of the 188 places we measured in Maryland. By definition, that implies Kemp Mill ranks as the #27 most expensive place in the Old Line State.
For more reading on life in Kemp Mill, check out:
Six factors go into calculating the cost of living index in Kemp Mill. Here is how it fairs on each of the criteria:
The Services index in Kemp Mill is 115.
The Groceries index in Kemp Mill is 116.
The Health index in Kemp Mill is 88.
The Housing index in Kemp Mill is 204.
The Transportation index in Kemp Mill is 115.
The Utilities index in Kemp Mill is 109.
|Living Expense||Kemp Mill||Maryland||National Average|
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 Kemp Mill is $450,900.
The Median Rent in Kemp Mill is $1,812.
The Median Income in Kemp Mill is $141,900.
The Home Value To Income in Kemp Mill is 3.2x.
The Rent To Monthly Income in Kemp Mill is 0.15x.
|Statistic||Kemp Mill||Maryland||United States|
|Median Home Value||$450,900||$338,500||$244,900|
|Home Value To Income||3.2x||3.7x||3.5x|
|Rent To Monthly Income||0.15x||0.19x||0.2x|
The cost of living varies in the cities and towns around Kemp Mill. Here's a quick look at the cost of living in the most populous nearby places:
Silver Spring, MD has a cost of living index of 147, 1.0x Kemp Mill.
Wheaton, MD has a cost of living index of 132, 0.9x Kemp Mill.
Olney, MD has a cost of living index of 150, 1.1x Kemp Mill.
|City||Population||Cost Of Living||Vs. Kemp Mill|
|Silver Spring, MD||82,472||147||1.0x|
|North Potomac, MD||24,449||167||1.2x|
|North Laurel, MD||24,233||129||0.9x|
|White Oak, MD||14,711||137||1.0x|