Cost of living in La Plata 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 La Plata 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 La Plata is 121, with 100 being the average.
The cost of living index in La Plata is 1.2x higher than the national average.
La Plata ranks as the #87 cheapest in Maryland out of 188.
La Plata ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in La Plata is $343,000.
The median income in La Plata is $108,043.
According to the most recent data on the cost of living, La Plata has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Maryland, La Plata has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in La Plata ranks as #87 most affordable out of the 188 places we measured in Maryland. By definition, that implies La Plata ranks as the #101 most expensive place in the Old Line State.
For more reading on life in La Plata, check out:
Six factors go into calculating the cost of living index in La Plata. Here is how it fairs on each of the criteria:
The Services index in La Plata is 108.
The Groceries index in La Plata is 121.
The Health index in La Plata is 104.
The Housing index in La Plata is 158.
The Transportation index in La Plata is 104.
The Utilities index in La Plata is 98.
|Living Expense||La Plata||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 La Plata is $343,000.
The Median Rent in La Plata is $1,605.
The Median Income in La Plata is $108,043.
The Home Value To Income in La Plata is 3.2x.
The Rent To Monthly Income in La Plata is 0.18x.
|Statistic||La Plata||Maryland||United States|
|Median Home Value||$343,000||$338,500||$244,900|
|Home Value To Income||3.2x||3.7x||3.5x|
|Rent To Monthly Income||0.18x||0.19x||0.2x|
The cost of living varies in the cities and towns around La Plata. Here's a quick look at the cost of living in the most populous nearby places:
Waldorf, MD has a cost of living index of 121, 1.0x La Plata.
Kingstowne, VA has a cost of living index of 143, 1.2x La Plata.
Franconia, VA has a cost of living index of 142, 1.2x La Plata.
|City||Population||Cost Of Living||Vs. La Plata|
|Fort Hunt, VA||16,322||180||1.5x|
|Mount Vernon, VA||13,707||153||1.3x|
|Newington Forest, VA||12,641||144||1.2x|