Silver Hill, MD Cost Of Living
Cost Of Living In Silver Hill, MD Summary
Cost of living in Silver Hill 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 Silver Hill 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 Silver Hill is 115, with 100 being the average.
The cost of living index in Silver Hill is 1.1x higher than the national average.
Silver Hill ranks as the #41 cheapest in Maryland out of 194.
Silver Hill ranks as the #4,090 cheapest out of 6,489 in the US.
The median home value in Silver Hill is $305,264.
The median income in Silver Hill is $61,566.
Table Of Contents
Silver Hill's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Silver Hill, MD?
According to the most recent data on the cost of living, Silver Hill has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Maryland, Silver Hill has a cost of living index that's 1.0x lower than Maryland's index of 117.
The standard of living in Silver Hill ranks as #41 most affordable out of the 194 places we measured in Maryland. By definition, that implies Silver Hill ranks as the #153 most expensive place in the Old Line State.
For more reading on life in Silver Hill, check out:
In Maryland
In America
Silver Hill Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Silver Hill. Here is how it fairs on each of the criteria:
The Services index in Silver Hill is 118.
The Groceries index in Silver Hill is 106.
The Health index in Silver Hill is 111.
The Housing index in Silver Hill is 119.
The Transportation index in Silver Hill is 108.
The Utilities index in Silver Hill is 110.
| Living Expense | Silver Hill | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 115 | 117 | 100 | |
| Services | 118 | 104 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 111 | 99 | 100 | |
| Housing | 119 | 148 | 100 | |
| Transportation | 108 | 97 | 100 | |
| Utilities | 110 | 113 | 100 | |
Silver Hill, 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 Silver Hill is $305,264.
The Median Rent in Silver Hill is $1,569.
The Median Income in Silver Hill is $61,566.
The Home Value To Income in Silver Hill is 5.0x.
The Rent To Monthly Income in Silver Hill is 0.31x.
| Statistic | Silver Hill | Maryland | United States |
|---|---|---|---|
| Median Home Value | $305,264 | $427,628 | $303,400 |
| Median Rent | $1,569 | $1,662 | $1,348 |
| Median Income | $61,566 | $101,652 | $78,538 |
| Home Value To Income | 5.0x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.31x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Silver Hill, MD Costs By Category
Detailed Silver Hill Services Costs Vs. Maryland
| Item | Silver Hill | Maryland |
|---|---|---|
| Shampoo | $1.63 | $1.28 |
| Movie | $15.72 | $12.13 |
| Bowling | $24.56 | $18.0 |
| Haircut | $41.31 | $24.26 |
| Beauty Salon | $73.33 | $45.56 |
Detailed Silver Hill Groceries Costs Vs. Maryland
| Item | Silver Hill | 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 Silver Hill Health Costs Vs. Maryland
| Item | Silver Hill | Maryland |
|---|---|---|
| Optometrist | $112.83 | $125.68 |
| Doctor | $156.21 | $135.78 |
| Dentist | $135.09 | $113.29 |
Detailed Silver Hill Transportation Costs Vs. Maryland
| Item | Silver Hill | Maryland |
|---|---|---|
| Gasoline | $3.37 | $3.46 |
| Tire Balancing | $75.27 | $59.92 |
Detailed Silver Hill Utilities Costs Vs. Maryland
| Item | Silver Hill | Maryland |
|---|---|---|
| All Electricity | $227.7 | $193.99 |
| Phone | $190.71 | $192.25 |
Silver Hill SnackAbility
/10
Cost Of Living In Cities Around Silver Hill
The cost of living varies in the cities and towns around Silver Hill. Here's a quick look at the cost of living in the most populous nearby places:
Suitland, MD has a cost of living index of 121, 1.1x Silver Hill.
Camp Springs, MD has a cost of living index of 128, 1.1x Silver Hill.
Glassmanor, MD has a cost of living index of 118, 1.0x Silver Hill.
| City | Population | Cost Of Living | Vs. Silver Hill |
|---|---|---|---|
| Suitland, MD | 24,667 | 121 | 1.1x |
| Camp Springs, MD | 22,174 | 128 | 1.1x |
| Glassmanor, MD | 17,687 | 118 | 1.0x |
| Cloverly, MD | 16,726 | 148 | 1.3x |
| Hillcrest Heights, MD | 15,670 | 117 | 1.0x |
| Kemp Mill, MD | 14,437 | 145 | 1.3x |
| Colesville, MD | 14,075 | 140 | 1.2x |
| Chevy Chase, MD | 9,484 | 257 | 2.2x |
| Coral Hills, MD | 9,372 | 117 | 1.0x |
| Temple Hills, MD | 8,740 | 121 | 1.1x |
