Randallstown, MD Cost Of Living
Cost Of Living In Randallstown, MD Summary
Cost of living in Randallstown 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 Randallstown 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 Randallstown is 114, with 100 being the average.
The cost of living index in Randallstown is 1.1x higher than the national average.
Randallstown ranks as the #39 cheapest in Maryland out of 194.
Randallstown ranks as the #4,023 cheapest out of 6,489 in the US.
The median home value in Randallstown is $368,873.
The median income in Randallstown is $88,544.
Table Of Contents
Randallstown's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Randallstown, MD?
According to the most recent data on the cost of living, Randallstown has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Maryland, Randallstown has a cost of living index that's 0.9x lower than Maryland's index of 121.
The standard of living in Randallstown ranks as #39 most affordable out of the 194 places we measured in Maryland. By definition, that implies Randallstown ranks as the #155 most expensive place in the Old Line State.
For more reading on life in Randallstown, check out:
In Maryland
In America
Randallstown Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Randallstown. Here is how it fairs on each of the criteria:
The Services index in Randallstown is 105.
The Groceries index in Randallstown is 106.
The Health index in Randallstown is 98.
The Housing index in Randallstown is 134.
The Transportation index in Randallstown is 102.
The Utilities index in Randallstown is 112.
| Living Expense | Randallstown | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 114 | 121 | 100 | |
| Services | 105 | 105 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 98 | 96 | 100 | |
| Housing | 134 | 150 | 100 | |
| Transportation | 102 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
Randallstown, 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 Randallstown is $368,873.
The Median Rent in Randallstown is $1,537.
The Median Income in Randallstown is $88,544.
The Home Value To Income in Randallstown is 4.2x.
The Rent To Monthly Income in Randallstown is 0.21x.
| Statistic | Randallstown | Maryland | United States |
|---|---|---|---|
| Median Home Value | $368,873 | $427,628 | $303,400 |
| Median Rent | $1,537 | $1,662 | $1,348 |
| Median Income | $88,544 | $101,652 | $78,538 |
| Home Value To Income | 4.2x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Randallstown, MD Costs By Category
Detailed Randallstown Services Costs Vs. Maryland
| Item | Randallstown | 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 Randallstown Groceries Costs Vs. Maryland
| Item | Randallstown | 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 Randallstown Health Costs Vs. Maryland
| Item | Randallstown | Maryland |
|---|---|---|
| Optometrist | $114.22 | $125.68 |
| Doctor | $133.22 | $135.78 |
| Dentist | $117.22 | $113.29 |
Detailed Randallstown Transportation Costs Vs. Maryland
| Item | Randallstown | Maryland |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $62.66 | $59.92 |
Detailed Randallstown Utilities Costs Vs. Maryland
| Item | Randallstown | Maryland |
|---|---|---|
| All Electricity | $223.91 | $193.99 |
| Phone | $199.62 | $192.25 |
Randallstown SnackAbility
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Cost Of Living In Cities Around Randallstown
The cost of living varies in the cities and towns around Randallstown. 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 131, 1.1x Randallstown.
Catonsville, MD has a cost of living index of 123, 1.1x Randallstown.
Owings Mills, MD has a cost of living index of 119, 1.0x Randallstown.
| City | Population | Cost Of Living | Vs. Randallstown |
|---|---|---|---|
| Columbia, MD | 105,871 | 131 | 1.1x |
| Catonsville, MD | 42,717 | 123 | 1.1x |
| Owings Mills, MD | 35,626 | 119 | 1.0x |
| Pikesville, MD | 34,253 | 125 | 1.1x |
| Milford Mill, MD | 31,939 | 110 | 1.0x |
| Eldersburg, MD | 30,626 | 127 | 1.1x |
| Reisterstown, MD | 27,764 | 115 | 1.0x |
| Lochearn, MD | 27,591 | 108 | 0.9x |
| Ilchester, MD | 27,552 | 136 | 1.2x |
| Elkridge, MD | 26,183 | 131 | 1.1x |
