Layhill, MD Cost Of Living
Cost Of Living In Layhill, MD Summary
Cost of living in Layhill 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 Layhill 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 Layhill is 144, with 100 being the average.
The cost of living index in Layhill is 1.4x higher than the national average.
Layhill ranks as the #164 cheapest in Maryland out of 188.
Layhill ranks as the #5,704 cheapest out of 6,412 in the US.
The median home value in Layhill is $459,600.
The median income in Layhill is $110,208.
Table Of Contents
Layhill's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Layhill, MD?
According to the most recent data on the cost of living, Layhill has an overall cost of living index of 144, which is 1.4x higher than the national index of 100.
Compared to Maryland, Layhill has a cost of living index that's 1.2x higher than Maryland's index of 120.
The standard of living in Layhill ranks as #164 most affordable out of the 188 places we measured in Maryland. By definition, that implies Layhill ranks as the #24 most expensive place in the Old Line State.
For more reading on life in Layhill, check out:
- Living In Layhill
- Search Homes For Sale In Layhill, MD
In Maryland
In America
Layhill Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Layhill. Here is how it fairs on each of the criteria:
The Services index in Layhill is 116.
The Groceries index in Layhill is 114.
The Health index in Layhill is 85.
The Housing index in Layhill is 218.
The Transportation index in Layhill is 115.
The Utilities index in Layhill is 112.
| Living Expense | Layhill | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 144 | 120 | 100 | |
| Services | 116 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 85 | 92 | 100 | |
| Housing | 218 | 156 | 100 | |
| Transportation | 115 | 100 | 100 | |
| Utilities | 112 | 108 | 100 | |
Layhill, 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 Layhill is $459,600.
The Median Rent in Layhill is $2,009.
The Median Income in Layhill is $110,208.
The Home Value To Income in Layhill is 4.2x.
The Rent To Monthly Income in Layhill is 0.22x.
| Statistic | Layhill | Maryland | United States |
|---|---|---|---|
| Median Home Value | $459,600 | $338,500 | $244,900 |
| Median Rent | $2,009 | $1,485 | $1,163 |
| Median Income | $110,208 | $91,431 | $69,021 |
| Home Value To Income | 4.2x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Layhill, MD Costs By Category
Detailed Layhill Services Costs Vs. Maryland
Detailed Layhill Groceries Costs Vs. Maryland
Detailed Layhill Health Costs Vs. Maryland
Detailed Layhill Transportation Costs Vs. Maryland
Detailed Layhill Utilities Costs Vs. Maryland
Layhill SnackAbility
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Cost Of Living In Cities Around Layhill
The cost of living varies in the cities and towns around Layhill. Here's a quick look at the cost of living in the most populous nearby places:
Aspen Hill, MD has a cost of living index of 140, 1.0x Layhill.
Wheaton, MD has a cost of living index of 132, 0.9x Layhill.
Olney, MD has a cost of living index of 150, 1.0x Layhill.
| City | Population | Cost Of Living | Vs. Layhill |
|---|---|---|---|
| Aspen Hill, MD | 53,850 | 140 | 1.0x |
| Wheaton, MD | 51,836 | 132 | 0.9x |
| Olney, MD | 35,815 | 150 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 0.9x |
| Clarksburg, MD | 27,354 | 153 | 1.1x |
| North Potomac, MD | 24,449 | 167 | 1.2x |
| North Laurel, MD | 24,233 | 129 | 0.9x |
| Cloverly, MD | 16,473 | 146 | 1.0x |
| Glenmont, MD | 15,795 | 139 | 1.0x |
| Kemp Mill, MD | 14,509 | 141 | 1.0x |
