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
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Maryland, check out:
Protect your home budget Compare home warranties in Owings Mills Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Owings Mills, 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 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
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 |
