Riverdale Park, MD Cost Of Living
Cost Of Living In Riverdale Park, MD Summary
Cost of living in Riverdale Park 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 Riverdale Park 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 Riverdale Park is 131, with 100 being the average.
The cost of living index in Riverdale Park is 1.3x higher than the national average.
Riverdale Park ranks as the #117 cheapest in Maryland out of 194.
Riverdale Park ranks as the #5,035 cheapest out of 6,489 in the US.
The median home value in Riverdale Park is $480,638.
The median income in Riverdale Park is $104,583.
Table Of Contents
Riverdale Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Riverdale Park, MD?
According to the most recent data on the cost of living, Riverdale Park has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to Maryland, Riverdale Park has a cost of living index that's 1.1x higher than Maryland's index of 121.
The standard of living in Riverdale Park ranks as #117 most affordable out of the 194 places we measured in Maryland. By definition, that implies Riverdale Park ranks as the #77 most expensive place in the Old Line State.
For more reading on life in Riverdale Park, check out:
In Maryland
In America
Riverdale Park Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Riverdale Park. Here is how it fairs on each of the criteria:
The Services index in Riverdale Park is 116.
The Groceries index in Riverdale Park is 106.
The Health index in Riverdale Park is 108.
The Housing index in Riverdale Park is 166.
The Transportation index in Riverdale Park is 105.
The Utilities index in Riverdale Park is 112.
| Living Expense | Riverdale Park | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 131 | 121 | 100 | |
| Services | 116 | 105 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 108 | 96 | 100 | |
| Housing | 166 | 150 | 100 | |
| Transportation | 105 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
Riverdale Park, 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 Riverdale Park is $480,638.
The Median Rent in Riverdale Park is $1,668.
The Median Income in Riverdale Park is $104,583.
The Home Value To Income in Riverdale Park is 4.6x.
The Rent To Monthly Income in Riverdale Park is 0.19x.
| Statistic | Riverdale Park | Maryland | United States |
|---|---|---|---|
| Median Home Value | $480,638 | $427,628 | $303,400 |
| Median Rent | $1,668 | $1,662 | $1,348 |
| Median Income | $104,583 | $101,652 | $78,538 |
| Home Value To Income | 4.6x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Riverdale Park, MD Costs By Category
Detailed Riverdale Park Services Costs Vs. Maryland
| Item | Riverdale Park | Maryland |
|---|---|---|
| Shampoo | $1.63 | $1.28 |
| Movie | $15.72 | $12.13 |
| Bowling | $24.56 | $18 |
| Haircut | $41.31 | $24.26 |
| Beauty Salon | $73.33 | $45.56 |
Detailed Riverdale Park Groceries Costs Vs. Maryland
| Item | Riverdale Park | Maryland |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.31 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.15 | $4.93 |
| Pizza | $12.83 | $12.09 |
| Beer | $11.41 | $10.41 |
| Toothpaste | $3.7 | $3.7 |
Detailed Riverdale Park Health Costs Vs. Maryland
| Item | Riverdale Park | Maryland |
|---|---|---|
| Optometrist | $112.83 | $125.68 |
| Doctor | $156.21 | $135.78 |
| Dentist | $135.09 | $113.29 |
Detailed Riverdale Park Transportation Costs Vs. Maryland
| Item | Riverdale Park | Maryland |
|---|---|---|
| Gasoline | $3.37 | $3.46 |
| Tire Balancing | $75.27 | $59.92 |
Detailed Riverdale Park Utilities Costs Vs. Maryland
| Item | Riverdale Park | Maryland |
|---|---|---|
| All Electricity | $227.7 | $193.99 |
| Phone | $190.71 | $192.25 |
Riverdale Park SnackAbility
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Cost Of Living In Cities Around Riverdale Park
The cost of living varies in the cities and towns around Riverdale Park. Here's a quick look at the cost of living in the most populous nearby places:
Olney, MD has a cost of living index of 153, 1.2x Riverdale Park.
Ilchester, MD has a cost of living index of 136, 1.0x Riverdale Park.
North Laurel, MD has a cost of living index of 132, 1.0x Riverdale Park.
| City | Population | Cost Of Living | Vs. Riverdale Park |
|---|---|---|---|
| Olney, MD | 36,000 | 153 | 1.2x |
| Ilchester, MD | 27,552 | 136 | 1.0x |
| North Laurel, MD | 25,201 | 132 | 1.0x |
| North Potomac, MD | 23,994 | 172 | 1.3x |
| Hyattsville, MD | 20,861 | 131 | 1.0x |
| East Riverdale, MD | 19,043 | 123 | 0.9x |
| Kemp Mill, MD | 14,437 | 145 | 1.1x |
| Colesville, MD | 14,075 | 140 | 1.1x |
| Bladensburg, MD | 9,552 | 124 | 0.9x |
| South Kensington, MD | 8,057 | 191 | 1.5x |
