Lochearn, MD Cost Of Living
Cost Of Living In Lochearn, MD Summary
Cost of living in Lochearn 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 Lochearn 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 Lochearn is 106, with 100 being the average.
The cost of living index in Lochearn is 1.1x higher than the national average.
Lochearn ranks as the #19 cheapest in Maryland out of 188.
Lochearn ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Lochearn is $223,900.
The median income in Lochearn is $68,205.
Table Of Contents
Lochearn's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lochearn, MD?
According to the most recent data on the cost of living, Lochearn has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Maryland, Lochearn has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Lochearn ranks as #19 most affordable out of the 188 places we measured in Maryland. By definition, that implies Lochearn ranks as the #169 most expensive place in the Old Line State.
For more reading on life in Lochearn, check out:
- Living In Lochearn
- Search Homes For Sale In Lochearn, MD
In Maryland
In America
Lochearn Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Lochearn. Here is how it fairs on each of the criteria:
The Services index in Lochearn is 104.
The Groceries index in Lochearn is 114.
The Health index in Lochearn is 86.
The Housing index in Lochearn is 109.
The Transportation index in Lochearn is 101.
The Utilities index in Lochearn is 106.
| Living Expense | Lochearn | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 106 | 120 | 100 | |
| Services | 104 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 86 | 92 | 100 | |
| Housing | 109 | 156 | 100 | |
| Transportation | 101 | 100 | 100 | |
| Utilities | 106 | 108 | 100 | |
Lochearn, 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 Lochearn is $223,900.
The Median Rent in Lochearn is $1,249.
The Median Income in Lochearn is $68,205.
The Home Value To Income in Lochearn is 3.3x.
The Rent To Monthly Income in Lochearn is 0.22x.
| Statistic | Lochearn | Maryland | United States |
|---|---|---|---|
| Median Home Value | $223,900 | $338,500 | $244,900 |
| Median Rent | $1,249 | $1,485 | $1,163 |
| Median Income | $68,205 | $91,431 | $69,021 |
| Home Value To Income | 3.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lochearn, MD Costs By Category
Detailed Lochearn Services Costs Vs. Maryland
Detailed Lochearn Groceries Costs Vs. Maryland
Detailed Lochearn Health Costs Vs. Maryland
Detailed Lochearn Transportation Costs Vs. Maryland
Detailed Lochearn Utilities Costs Vs. Maryland
Lochearn SnackAbility
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Cost Of Living In Cities Around Lochearn
The cost of living varies in the cities and towns around Lochearn. Here's a quick look at the cost of living in the most populous nearby places:
Baltimore, MD has a cost of living index of 101, 1.0x Lochearn.
Columbia, MD has a cost of living index of 129, 1.2x Lochearn.
Towson, MD has a cost of living index of 123, 1.2x Lochearn.
| City | Population | Cost Of Living | Vs. Lochearn |
|---|---|---|---|
| Baltimore, MD | 592,211 | 101 | 1.0x |
| Columbia, MD | 105,086 | 129 | 1.2x |
| Towson, MD | 59,014 | 123 | 1.2x |
| Catonsville, MD | 42,789 | 122 | 1.2x |
| Randallstown, MD | 35,641 | 109 | 1.0x |
| Owings Mills, MD | 35,170 | 115 | 1.1x |
| Pikesville, MD | 33,549 | 123 | 1.2x |
| Milford Mill, MD | 30,685 | 106 | 1.0x |
| Eldersburg, MD | 30,418 | 126 | 1.2x |
| Ilchester, MD | 27,513 | 133 | 1.3x |
