Lanham, MD Cost Of Living
Cost Of Living In Lanham, MD Summary
Cost of living in Lanham 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 Lanham 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 Lanham is 125, with 100 being the average.
The cost of living index in Lanham is 1.2x higher than the national average.
Lanham ranks as the #109 cheapest in Maryland out of 188.
Lanham ranks as the #5,043 cheapest out of 6,412 in the US.
The median home value in Lanham is $352,700.
The median income in Lanham is $93,083.
Table Of Contents
Lanham's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lanham, MD?
According to the most recent data on the cost of living, Lanham has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Maryland, Lanham has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Lanham ranks as #109 most affordable out of the 188 places we measured in Maryland. By definition, that implies Lanham ranks as the #79 most expensive place in the Old Line State.
For more reading on life in Lanham, check out:
- Living In Lanham
- Search Homes For Sale In Lanham, MD
In Maryland
In America
Lanham Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Lanham. Here is how it fairs on each of the criteria:
The Services index in Lanham is 123.
The Groceries index in Lanham is 117.
The Health index in Lanham is 94.
The Housing index in Lanham is 143.
The Transportation index in Lanham is 105.
The Utilities index in Lanham is 111.
| Living Expense | Lanham | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 125 | 120 | 100 | |
| Services | 123 | 109 | 100 | |
| Groceries | 117 | 108 | 100 | |
| Health | 94 | 92 | 100 | |
| Housing | 143 | 156 | 100 | |
| Transportation | 105 | 100 | 100 | |
| Utilities | 111 | 108 | 100 | |
Lanham, 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 Lanham is $352,700.
The Median Rent in Lanham is $1,854.
The Median Income in Lanham is $93,083.
The Home Value To Income in Lanham is 3.8x.
The Rent To Monthly Income in Lanham is 0.24x.
| Statistic | Lanham | Maryland | United States |
|---|---|---|---|
| Median Home Value | $352,700 | $338,500 | $244,900 |
| Median Rent | $1,854 | $1,485 | $1,163 |
| Median Income | $93,083 | $91,431 | $69,021 |
| Home Value To Income | 3.8x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lanham, MD Costs By Category
Detailed Lanham Services Costs Vs. Maryland
Detailed Lanham Groceries Costs Vs. Maryland
Detailed Lanham Health Costs Vs. Maryland
Detailed Lanham Transportation Costs Vs. Maryland
Detailed Lanham Utilities Costs Vs. Maryland
Lanham SnackAbility
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Cost Of Living In Cities Around Lanham
The cost of living varies in the cities and towns around Lanham. Here's a quick look at the cost of living in the most populous nearby places:
Olney, MD has a cost of living index of 150, 1.2x Lanham.
Ilchester, MD has a cost of living index of 133, 1.1x Lanham.
Greenbelt, MD has a cost of living index of 117, 0.9x Lanham.
| City | Population | Cost Of Living | Vs. Lanham |
|---|---|---|---|
| Olney, MD | 35,815 | 150 | 1.2x |
| Ilchester, MD | 27,513 | 133 | 1.1x |
| Greenbelt, MD | 24,602 | 117 | 0.9x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Seabrook, MD | 19,558 | 122 | 1.0x |
| Glenn Dale, MD | 15,426 | 140 | 1.1x |
| Kemp Mill, MD | 14,509 | 141 | 1.1x |
| Colesville, MD | 14,468 | 140 | 1.1x |
| New Carrollton, MD | 13,574 | 118 | 0.9x |
| Mitchellville, MD | 12,160 | 138 | 1.1x |
