Redland, MD Cost Of Living
Cost Of Living In Redland, MD Summary
Cost of living in Redland 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 Redland 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 Redland is 140, with 100 being the average.
The cost of living index in Redland is 1.4x higher than the national average.
Redland ranks as the #157 cheapest in Maryland out of 188.
Redland ranks as the #5,578 cheapest out of 6,412 in the US.
The median home value in Redland is $454,600.
The median income in Redland is $129,603.
Table Of Contents
Redland's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Redland, MD?
According to the most recent data on the cost of living, Redland has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to Maryland, Redland has a cost of living index that's 1.2x higher than Maryland's index of 120.
The standard of living in Redland ranks as #157 most affordable out of the 188 places we measured in Maryland. By definition, that implies Redland ranks as the #31 most expensive place in the Old Line State.
For more reading on life in Redland, check out:
- Living In Redland
- Search Homes For Sale In Redland, MD
In Maryland
In America
Redland Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Redland. Here is how it fairs on each of the criteria:
The Services index in Redland is 117.
The Groceries index in Redland is 115.
The Health index in Redland is 88.
The Housing index in Redland is 207.
The Transportation index in Redland is 113.
The Utilities index in Redland is 112.
| Living Expense | Redland | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 140 | 120 | 100 | |
| Services | 117 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 88 | 92 | 100 | |
| Housing | 207 | 156 | 100 | |
| Transportation | 113 | 100 | 100 | |
| Utilities | 112 | 108 | 100 | |
Redland, 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 2017-2021. The key points are:
The Median Home Value in Redland is $454,600.
The Median Rent in Redland is $1,948.
The Median Income in Redland is $129,603.
The Home Value To Income in Redland is 3.5x.
The Rent To Monthly Income in Redland is 0.18x.
| Statistic | Redland | Maryland | United States |
|---|---|---|---|
| Median Home Value | $454,600 | $338,500 | $244,900 |
| Median Rent | $1,948 | $1,485 | $1,163 |
| Median Income | $129,603 | $91,431 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Redland, MD Costs By Category
Detailed Redland Services Costs Vs. Maryland
Detailed Redland Groceries Costs Vs. Maryland
Detailed Redland Health Costs Vs. Maryland
Detailed Redland Transportation Costs Vs. Maryland
Detailed Redland Utilities Costs Vs. Maryland
Redland SnackAbility
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Cost Of Living In Cities Around Redland
The cost of living varies in the cities and towns around Redland. Here's a quick look at the cost of living in the most populous nearby places:
Gaithersburg, MD has a cost of living index of 134, 1.0x Redland.
Rockville, MD has a cost of living index of 154, 1.1x Redland.
Aspen Hill, MD has a cost of living index of 140, 1.0x Redland.
| City | Population | Cost Of Living | Vs. Redland |
|---|---|---|---|
| Gaithersburg, MD | 68,827 | 134 | 1.0x |
| Rockville, MD | 67,095 | 154 | 1.1x |
| Aspen Hill, MD | 53,850 | 140 | 1.0x |
| Olney, MD | 35,815 | 150 | 1.1x |
| Clarksburg, MD | 27,354 | 153 | 1.1x |
| North Potomac, MD | 24,449 | 167 | 1.2x |
| North Laurel, MD | 24,233 | 129 | 0.9x |
| Kemp Mill, MD | 14,509 | 141 | 1.0x |
| Colesville, MD | 14,468 | 140 | 1.0x |
| Leisure World, MD | 9,291 | 117 | 0.8x |
