Owings Mills, MD Cost Of Living

The latest cost of living statistics for Owings Mills. Includes statistics on rent, mortgages, healthcare, and other costs for Owings Mills compared to the state and national averages.

Cost of living in Owings Mills, Maryland

Cost of living in Owings Mills 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 Owings Mills 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:

119 Cost of living index 1.2x higher vs US
#55 Cheapest in Maryland (of 195)
#4,283 Cheapest in the U.S. (of 6,489)
$399,382 Median home value
$1,841 Median rent
$96,243 Median income
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What is the cost of living in Owings Mills, MD?

According to the most recent data on the cost of living, Owings Mills has an overall cost of living index of 119, which is 1.2x higher than the national index of 100.

Compared to Maryland, Owings Mills has a cost of living index that's 1.0x lower than Maryland's index of 121.

The standard of living in Owings Mills ranks as #55 most affordable out of the 195 places we measured in Maryland. By definition, that implies Owings Mills ranks as the #140 most expensive place in the Old Line State.

For more reading on life in Owings Mills, check out:

Owings Mills Cost Of Living Vs. Maryland

Six factors go into calculating the cost of living index in Owings Mills. Here is how it fares on each of the criteria:

  • The Services index in Owings Mills is 105.

  • The Groceries index in Owings Mills is 107.

  • The Health index in Owings Mills is 149.

  • The Housing index in Owings Mills is 108.

  • The Transportation index in Owings Mills is 106.

  • The Utilities index in Owings Mills is 107.

Living Expense Owings Mills Maryland National Average
Overall 119 121 100
Services 105 104 100
Groceries 107 107 100
Health 149 152 100
Housing 108 109 100
Transportation 106 108 100
Utilities 107 109 100

Owings Mills Cost Of Living Compared To Maryland Averages

Services
Owings Mills 105
Maryland avg 104
Groceries
Owings Mills 107
Maryland avg 107
Health
Owings Mills 149
Maryland avg 152
Housing
Owings Mills 108
Maryland avg 109
Transportation
Owings Mills 106
Maryland avg 108
Utilities
Owings Mills 107
Maryland avg 109

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Maryland, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Owings Mills, MD Housing Cost Breakdown

$399,382Median Home Value
$1,841Median Rent
$96,243Median Income

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 2020-2024. The key points are:

  • The Median Home Value in Owings Mills is $399,382.

  • The Median Rent in Owings Mills is $1,841.

  • The Median Income in Owings Mills is $96,243.

  • The Home Value To Income in Owings Mills is 4.1x.

  • The Rent To Monthly Income in Owings Mills is 0.23x.

Statistic Owings Mills Maryland United States
Median Home Value $399,382 $429,704 $332,700
Median Rent $1,841 $1,705 $1,413
Median Income $96,243 $103,678 $80,734
Home Value To Income 4.1x 4.1x 4.1x
Rent To Monthly Income 0.23x 0.2x 0.21x

Owings Mills, MD Costs By Category

Detailed Owings Mills Services costs vs. Maryland
Item Owings Mills Maryland
Shampoo $1.44 $1.28
Movie $13.69 $12.13
Bowling $23.03 $18
Haircut $28.33 $24.26
Beauty Salon $58.17 $45.56
Detailed Owings Mills Groceries costs vs. Maryland
Item Owings Mills Maryland
Ground Beef $6.23 $5.84
Fried Chicken $1.39 $1.57
Milk $4.73 $4.67
Potatoes $5.46 $4.93
Pizza $13.24 $12.09
Beer $10.36 $10.41
Toothpaste $3.69 $3.7
Detailed Owings Mills Health costs vs. Maryland
Item Owings Mills Maryland
Optometrist $114.22 $125.68
Doctor $133.22 $135.78
Dentist $117.22 $113.29
Detailed Owings Mills Transportation costs vs. Maryland
Item Owings Mills Maryland
Gasoline $3.46 $3.46
Tire Balancing $62.66 $59.92
Detailed Owings Mills Utilities costs vs. Maryland
Item Owings Mills Maryland
All Electricity $223.91 $193.99
Phone $199.62 $192.25

Owings Mills SnackAbility

7Overall SnackAbility
Jobs 8/10
Housing 9/10
Affordability 6/10
Diversity 9/10
SafetyN/A
Amenities 9/10
Education 8.5/10
Commute 4/10

Cost Of Living In Cities Around Owings Mills

The cost of living varies in the cities and towns around Owings Mills. Here's a quick look at the cost of living in the most populous nearby places:

  • Columbia, MD has a cost of living index of 138, 1.2x Owings Mills.

  • Towson, MD has a cost of living index of 135, 1.1x Owings Mills.

  • Severn, MD has a cost of living index of 135, 1.1x Owings Mills.

City Population Cost Of Living Vs. Owings Mills
Columbia, MD 104,338 138 1.2x
Towson, MD 58,679 135 1.1x
Severn, MD 58,402 135 1.1x
Randallstown, MD 35,957 117 1.0x
Pikesville, MD 33,524 130 1.1x
Eldersburg, MD 31,695 134 1.1x
Milford Mill, MD 30,829 113 0.9x
Ilchester, MD 28,364 139 1.2x
Lochearn, MD 27,074 111 0.9x
Elkridge, MD 26,283 134 1.1x