Lake Shore, MD Cost Of Living
Lake Shore's Overall Cost Of Living
Higher Than The National Average
In Maryland
In America
What is the cost of living in Lake Shore, MD?
According to the most recent data on the cost of living, Lake Shore has an overall cost of living index of 127 which is 1.3x higher than the national index of 100.
Compared to only Maryland, Lake Shore has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Lake Shore ranks as #5,142 most affordable out of the 6,418 places we measured in Maryland. By definition, that implies Lake Shore ranks as the #1,277 most expensive place in the Old Line State.
Lake Shore Cost Of Living Vs. Maryland
| Living Expense | Lake Shore | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 127 | 120 | 100 | |
| Services | 106 | 111 | 100 | |
| Groceries | 114 | 114 | 100 | |
| Health | 82 | 84 | 100 | |
| Housing | 185 | 151 | 100 | |
| Transportation | 101 | 109 | 100 | |
| Utilities | 106 | 108 | 100 | |
Lake Shore, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Lake Shore | Maryland | United States |
|---|---|---|---|
| Median Home Value | $404,600 | $325,400 | $229,800 |
| Median Rent | $1,561 | $1,415 | $1,096 |
| Median Income | $111,940 | $87,063 | $64,994 |
| Home Value To Income | 3.6x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Detailed Lake Shore Services Costs Vs. Maryland
| Item | Lake Shore | Maryland |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $13.19 | $10.68 |
| Bowling | $17.08 | $14.67 |
Detailed Lake Shore Groceries Costs Vs. Maryland
| Item | Lake Shore | Maryland |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $1.66 | $1.39 |
| Milk | $2.39 | $2.05 |
Detailed Lake Shore Health Costs Vs. Maryland
| Item | Lake Shore | Maryland |
|---|---|---|
| Haircut | $22.28 | $18.62 |
| Beauty Salon | $52.83 | $39.05 |
| Toothpaste | $4.47 | $2.34 |
Detailed Lake Shore Transportation Costs Vs. Maryland
| Item | Lake Shore | Maryland |
|---|---|---|
| Potatoes | $4.1 | $3.29 |
| Pizza | $11.99 | $10.62 |
| Beer | $9.19 | $9.38 |
| Optometrist | $82.95 | $108.57 |
| Doctor | $93.69 | $116.17 |
| Dentist | $84.98 | $99.13 |
Detailed Lake Shore Utilities Costs Vs. Maryland
| Item | Lake Shore | Maryland |
|---|---|---|
| Gasoline | $2.15 | $2.22 |
| Tire Balancing | $54.77 | $50.07 |
| All Electricity | $176.72 | $167.67 |
| Phone | $192.13 | $175.64 |
Lake Shore SnackAbility
/10
Cost Of Living In Cities Around Lake Shore
| City | Population | Cost Of Living | Vs. Lake Shore |
|---|---|---|---|
| Glen Burnie, MD | 69,649 | 112 | 0.9x |
| Bowie, MD | 58,158 | 134 | 1.1x |
| Severna Park, MD | 38,729 | 146 | 1.1x |
| Crofton, MD | 29,482 | 140 | 1.1x |
| Pasadena, MD | 29,432 | 122 | 1.0x |
| Ilchester, MD | 26,873 | 133 | 1.0x |
| North Laurel, MD | 24,856 | 129 | 1.0x |
| Arnold, MD | 24,334 | 134 | 1.1x |
| Elkridge, MD | 21,778 | 127 | 1.0x |
| Annapolis Neck, MD | 13,049 | 153 | 1.2x |
