New Carrollton, MD Cost Of Living
Cost Of Living In New Carrollton, MD Summary
Cost of living in New Carrollton 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 New Carrollton 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 New Carrollton is 127, with 100 being the average.
The cost of living index in New Carrollton is 1.3x higher than the national average.
New Carrollton ranks as the #93 cheapest in Maryland out of 194.
New Carrollton ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in New Carrollton is $409,435.
The median income in New Carrollton is $80,292.
Table Of Contents
New Carrollton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in New Carrollton, MD?
According to the most recent data on the cost of living, New Carrollton has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Maryland, New Carrollton has a cost of living index that's 1.0x higher than Maryland's index of 121.
The standard of living in New Carrollton ranks as #93 most affordable out of the 194 places we measured in Maryland. By definition, that implies New Carrollton ranks as the #101 most expensive place in the Old Line State.
For more reading on life in New Carrollton, check out:
In Maryland
In America
New Carrollton Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in New Carrollton. Here is how it fairs on each of the criteria:
The Services index in New Carrollton is 118.
The Groceries index in New Carrollton is 104.
The Health index in New Carrollton is 108.
The Housing index in New Carrollton is 157.
The Transportation index in New Carrollton is 104.
The Utilities index in New Carrollton is 112.
| Living Expense | New Carrollton | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 127 | 121 | 100 | |
| Services | 118 | 105 | 100 | |
| Groceries | 104 | 107 | 100 | |
| Health | 108 | 96 | 100 | |
| Housing | 157 | 150 | 100 | |
| Transportation | 104 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
New Carrollton, 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 2019-2023. The key points are:
The Median Home Value in New Carrollton is $409,435.
The Median Rent in New Carrollton is $1,745.
The Median Income in New Carrollton is $80,292.
The Home Value To Income in New Carrollton is 5.1x.
The Rent To Monthly Income in New Carrollton is 0.26x.
| Statistic | New Carrollton | Maryland | United States |
|---|---|---|---|
| Median Home Value | $409,435 | $427,628 | $303,400 |
| Median Rent | $1,745 | $1,662 | $1,348 |
| Median Income | $80,292 | $101,652 | $78,538 |
| Home Value To Income | 5.1x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
New Carrollton, MD Costs By Category
Detailed New Carrollton Services Costs Vs. Maryland
| Item | New Carrollton | Maryland |
|---|---|---|
| Shampoo | $1.63 | $1.28 |
| Movie | $15.72 | $12.13 |
| Bowling | $24.56 | $18 |
| Haircut | $41.31 | $24.26 |
| Beauty Salon | $73.33 | $45.56 |
Detailed New Carrollton Groceries Costs Vs. Maryland
| Item | New Carrollton | Maryland |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.31 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.15 | $4.93 |
| Pizza | $12.83 | $12.09 |
| Beer | $11.41 | $10.41 |
| Toothpaste | $3.7 | $3.7 |
Detailed New Carrollton Health Costs Vs. Maryland
| Item | New Carrollton | Maryland |
|---|---|---|
| Optometrist | $112.83 | $125.68 |
| Doctor | $156.21 | $135.78 |
| Dentist | $135.09 | $113.29 |
Detailed New Carrollton Transportation Costs Vs. Maryland
| Item | New Carrollton | Maryland |
|---|---|---|
| Gasoline | $3.37 | $3.46 |
| Tire Balancing | $75.27 | $59.92 |
Detailed New Carrollton Utilities Costs Vs. Maryland
| Item | New Carrollton | Maryland |
|---|---|---|
| All Electricity | $227.7 | $193.99 |
| Phone | $190.71 | $192.25 |
New Carrollton SnackAbility
/10
Cost Of Living In Cities Around New Carrollton
The cost of living varies in the cities and towns around New Carrollton. 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 153, 1.2x New Carrollton.
Ilchester, MD has a cost of living index of 136, 1.1x New Carrollton.
North Laurel, MD has a cost of living index of 132, 1.0x New Carrollton.
| City | Population | Cost Of Living | Vs. New Carrollton |
|---|---|---|---|
| Olney, MD | 36,000 | 153 | 1.2x |
| Ilchester, MD | 27,552 | 136 | 1.1x |
| North Laurel, MD | 25,201 | 132 | 1.0x |
| Greenbelt, MD | 24,572 | 120 | 0.9x |
| East Riverdale, MD | 19,043 | 123 | 1.0x |
| Seabrook, MD | 18,495 | 129 | 1.0x |
| Kemp Mill, MD | 14,437 | 145 | 1.1x |
| Colesville, MD | 14,075 | 140 | 1.1x |
| Lanham, MD | 11,956 | 130 | 1.0x |
| Chevy Chase, MD | 9,484 | 257 | 2.0x |
