Largo, MD Cost Of Living
Cost Of Living In Largo, MD Summary
Cost of living in Largo 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 Largo 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 Largo is 126, with 100 being the average.
The cost of living index in Largo is 1.3x higher than the national average.
Largo ranks as the #113 cheapest in Maryland out of 188.
Largo ranks as the #5,091 cheapest out of 6,412 in the US.
The median home value in Largo is $294,200.
The median income in Largo is $88,799.
Table Of Contents
Largo's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Largo, MD?
According to the most recent data on the cost of living, Largo has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Maryland, Largo has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Largo ranks as #113 most affordable out of the 188 places we measured in Maryland. By definition, that implies Largo ranks as the #75 most expensive place in the Old Line State.
For more reading on life in Largo, check out:
- Living In Largo
- Search Homes For Sale In Largo, MD
In Maryland
In America
Largo Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Largo. Here is how it fairs on each of the criteria:
The Services index in Largo is 121.
The Groceries index in Largo is 114.
The Health index in Largo is 92.
The Housing index in Largo is 145.
The Transportation index in Largo is 105.
The Utilities index in Largo is 111.
| Living Expense | Largo | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 126 | 120 | 100 | |
| Services | 121 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 92 | 92 | 100 | |
| Housing | 145 | 156 | 100 | |
| Transportation | 105 | 100 | 100 | |
| Utilities | 111 | 108 | 100 | |
Largo, 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 Largo is $294,200.
The Median Rent in Largo is $1,773.
The Median Income in Largo is $88,799.
The Home Value To Income in Largo is 3.3x.
The Rent To Monthly Income in Largo is 0.24x.
| Statistic | Largo | Maryland | United States |
|---|---|---|---|
| Median Home Value | $294,200 | $338,500 | $244,900 |
| Median Rent | $1,773 | $1,485 | $1,163 |
| Median Income | $88,799 | $91,431 | $69,021 |
| Home Value To Income | 3.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Largo, MD Costs By Category
Detailed Largo Services Costs Vs. Maryland
Detailed Largo Groceries Costs Vs. Maryland
Detailed Largo Health Costs Vs. Maryland
Detailed Largo Transportation Costs Vs. Maryland
Detailed Largo Utilities Costs Vs. Maryland
Largo SnackAbility
/10
Cost Of Living In Cities Around Largo
The cost of living varies in the cities and towns around Largo. Here's a quick look at the cost of living in the most populous nearby places:
North Laurel, MD has a cost of living index of 129, 1.0x Largo.
Summerfield, MD has a cost of living index of 120, 1.0x Largo.
Kemp Mill, MD has a cost of living index of 141, 1.1x Largo.
| City | Population | Cost Of Living | Vs. Largo |
|---|---|---|---|
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Summerfield, MD | 16,002 | 120 | 1.0x |
| Kemp Mill, MD | 14,509 | 141 | 1.1x |
| Colesville, MD | 14,468 | 140 | 1.1x |
| Lake Arbor, MD | 14,376 | 130 | 1.0x |
| Kettering, MD | 13,924 | 123 | 1.0x |
| Brock Hall, MD | 12,764 | 142 | 1.1x |
| Walker Mill, MD | 10,596 | 114 | 0.9x |
| Westphalia, MD | 10,578 | 133 | 1.1x |
| Forestville, MD | 10,575 | 116 | 0.9x |
