What is the cost of living in Parkville, MD?
According to the most recent data on the cost of living, Parkville has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Maryland, Parkville has a cost of living index that's 0.9x lower than Maryland's index of 121.
The standard of living in Parkville ranks as #14 most affordable out of the 195 places we measured in Maryland. By definition, that implies Parkville ranks as the #181 most expensive place in the Old Line State.
For more reading on life in Parkville, check out:
Parkville Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Parkville. Here is how it fares on each of the criteria:
The Services index in Parkville is 108.
The Groceries index in Parkville is 111.
The Health index in Parkville is 115.
The Housing index in Parkville is 105.
The Transportation index in Parkville is 105.
The Utilities index in Parkville is 110.
| Living Expense | Parkville | Maryland | National Average |
|---|---|---|---|
| Overall | 109 | 121 | 100 |
| Services | 108 | 104 | 100 |
| Groceries | 111 | 107 | 100 |
| Health | 115 | 152 | 100 |
| Housing | 105 | 109 | 100 |
| Transportation | 105 | 108 | 100 |
| Utilities | 110 | 109 | 100 |
Parkville 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 Parkville Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Parkville, 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 Parkville is $282,288.
The Median Rent in Parkville is $1,526.
The Median Income in Parkville is $79,178.
The Home Value To Income in Parkville is 3.6x.
The Rent To Monthly Income in Parkville is 0.23x.
Parkville, MD Costs By Category
Detailed Parkville Services costs vs. Maryland
Detailed Parkville Groceries costs vs. Maryland
Detailed Parkville Health costs vs. Maryland
Detailed Parkville Transportation costs vs. Maryland
Parkville SnackAbility
Cost Of Living In Cities Around Parkville
The cost of living varies in the cities and towns around Parkville. Here's a quick look at the cost of living in the most populous nearby places:
Towson, MD has a cost of living index of 135, 1.2x Parkville.
Severn, MD has a cost of living index of 135, 1.2x Parkville.
Bel Air South, MD has a cost of living index of 124, 1.1x Parkville.
| City | Population | Cost Of Living | Vs. Parkville |
|---|---|---|---|
| Towson, MD | 58,679 | 135 | 1.2x |
| Severn, MD | 58,402 | 135 | 1.2x |
| Bel Air South, MD | 58,137 | 124 | 1.1x |
| Pasadena, MD | 34,309 | 127 | 1.2x |
| Bel Air North, MD | 31,302 | 131 | 1.2x |
| Perry Hall, MD | 29,105 | 119 | 1.1x |
| Ilchester, MD | 28,364 | 139 | 1.3x |
| Carney, MD | 28,343 | 119 | 1.1x |
| Elkridge, MD | 26,283 | 134 | 1.2x |
| Rosedale, MD | 20,002 | 112 | 1.0x |
