Summerfield, MD Cost Of Living
Cost Of Living In Summerfield, MD Summary
Cost of living in Summerfield 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 Summerfield 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 Summerfield is 123, with 100 being the average.
The cost of living index in Summerfield is 1.2x higher than the national average.
Summerfield ranks as the #76 cheapest in Maryland out of 194.
Summerfield ranks as the #4,598 cheapest out of 6,489 in the US.
The median home value in Summerfield is $365,371.
The median income in Summerfield is $92,042.
Table Of Contents
Summerfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Summerfield, MD?
According to the most recent data on the cost of living, Summerfield has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Maryland, Summerfield has a cost of living index that's 1.0x higher than Maryland's index of 121.
The standard of living in Summerfield ranks as #76 most affordable out of the 194 places we measured in Maryland. By definition, that implies Summerfield ranks as the #118 most expensive place in the Old Line State.
For more reading on life in Summerfield, check out:
In Maryland
In America
Summerfield Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Summerfield. Here is how it fairs on each of the criteria:
The Services index in Summerfield is 111.
The Groceries index in Summerfield is 109.
The Health index in Summerfield is 97.
The Housing index in Summerfield is 159.
The Transportation index in Summerfield is 96.
The Utilities index in Summerfield is 111.
| Living Expense | Summerfield | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 123 | 121 | 100 | |
| Services | 111 | 105 | 100 | |
| Groceries | 109 | 107 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 159 | 150 | 100 | |
| Transportation | 96 | 99 | 100 | |
| Utilities | 111 | 113 | 100 | |
Summerfield, 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 Summerfield is $365,371.
The Median Rent in Summerfield is $2,032.
The Median Income in Summerfield is $92,042.
The Home Value To Income in Summerfield is 4.0x.
The Rent To Monthly Income in Summerfield is 0.26x.
| Statistic | Summerfield | Maryland | United States |
|---|---|---|---|
| Median Home Value | $365,371 | $427,628 | $303,400 |
| Median Rent | $2,032 | $1,662 | $1,348 |
| Median Income | $92,042 | $101,652 | $78,538 |
| Home Value To Income | 4.0x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Summerfield, MD Costs By Category
Detailed Summerfield Services Costs Vs. Maryland
| Item | Summerfield | Maryland |
|---|---|---|
| Shampoo | $1.51 | $1.28 |
| Movie | $15.69 | $12.13 |
| Bowling | $24.83 | $18 |
| Haircut | $26.11 | $24.26 |
| Beauty Salon | $70.08 | $45.56 |
Detailed Summerfield Groceries Costs Vs. Maryland
| Item | Summerfield | Maryland |
|---|---|---|
| Ground Beef | $6.24 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.78 | $4.67 |
| Potatoes | $5.49 | $4.93 |
| Pizza | $12.56 | $12.09 |
| Beer | $11.1 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Summerfield Health Costs Vs. Maryland
| Item | Summerfield | Maryland |
|---|---|---|
| Optometrist | $92.0 | $125.68 |
| Doctor | $135.03 | $135.78 |
| Dentist | $117.67 | $113.29 |
Detailed Summerfield Transportation Costs Vs. Maryland
| Item | Summerfield | Maryland |
|---|---|---|
| Gasoline | $3.25 | $3.46 |
| Tire Balancing | $59.0 | $59.92 |
Detailed Summerfield Utilities Costs Vs. Maryland
| Item | Summerfield | Maryland |
|---|---|---|
| All Electricity | $222.47 | $193.99 |
| Phone | $197.37 | $192.25 |
Summerfield SnackAbility
/10
Cost Of Living In Cities Around Summerfield
The cost of living varies in the cities and towns around Summerfield. 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 Summerfield.
North Laurel, MD has a cost of living index of 132, 1.1x Summerfield.
Landover, MD has a cost of living index of 120, 1.0x Summerfield.
| City | Population | Cost Of Living | Vs. Summerfield |
|---|---|---|---|
| Olney, MD | 36,000 | 153 | 1.2x |
| North Laurel, MD | 25,201 | 132 | 1.1x |
| Landover, MD | 24,558 | 120 | 1.0x |
| Lake Arbor, MD | 14,932 | 136 | 1.1x |
| Kemp Mill, MD | 14,437 | 145 | 1.2x |
| Colesville, MD | 14,075 | 140 | 1.1x |
| Largo, MD | 11,753 | 124 | 1.0x |
| Walker Mill, MD | 9,626 | 119 | 1.0x |
| Chevy Chase, MD | 9,484 | 257 | 2.1x |
| South Kensington, MD | 8,057 | 191 | 1.6x |
