Cost of living in Mayo 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 Mayo 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 Mayo is 151, with 100 being the average.
The cost of living index in Mayo is 1.5x higher than the national average.
Mayo ranks as the #174 cheapest in Maryland out of 188.
Mayo ranks as the #5,861 cheapest out of 6,412 in the US.
The median home value in Mayo is $494,300.
The median income in Mayo is $135,335.
According to the most recent data on the cost of living, Mayo has an overall cost of living index of 151, which is 1.5x higher than the national index of 100.
Compared to Maryland, Mayo has a cost of living index that's 1.3x higher than Maryland's index of 120.
The standard of living in Mayo ranks as #174 most affordable out of the 188 places we measured in Maryland. By definition, that implies Mayo ranks as the #14 most expensive place in the Old Line State.
For more reading on life in Mayo, check out:
Six factors go into calculating the cost of living index in Mayo. Here is how it fairs on each of the criteria:
The Services index in Mayo is 123.
The Groceries index in Mayo is 118.
The Health index in Mayo is 92.
The Housing index in Mayo is 229.
The Transportation index in Mayo is 108.
The Utilities index in Mayo is 115.
|Living Expense||Mayo||Maryland||National Average|
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 Mayo is $494,300.
The Median Rent in Mayo is $2,012.
The Median Income in Mayo is $135,335.
The Home Value To Income in Mayo is 3.7x.
The Rent To Monthly Income in Mayo is 0.18x.
|Median Home Value||$494,300||$338,500||$244,900|
|Home Value To Income||3.7x||3.7x||3.5x|
|Rent To Monthly Income||0.18x||0.19x||0.2x|
The cost of living varies in the cities and towns around Mayo. Here's a quick look at the cost of living in the most populous nearby places:
Bowie, MD has a cost of living index of 134, 0.9x Mayo.
Annapolis, MD has a cost of living index of 129, 0.9x Mayo.
Severna Park, MD has a cost of living index of 146, 1.0x Mayo.
|City||Population||Cost Of Living||Vs. Mayo|
|Severna Park, MD||39,108||146||1.0x|
|Lake Shore, MD||19,388||127||0.8x|
|Annapolis Neck, MD||13,059||153||1.0x|
|Riviera Beach, MD||12,012||119||0.8x|