Taneytown, MD Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Taneytown, MD Summary

Cost of living in Taneytown 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 Taneytown 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 Taneytown is 111, with 100 being the average.

  • The cost of living index in Taneytown is 1.1x higher than the national average.

  • Taneytown ranks as the #38 cheapest in Maryland out of 188.

  • Taneytown ranks as the #4,219 cheapest out of 6,412 in the US.

  • The median home value in Taneytown is $266,500.

  • The median income in Taneytown is $75,167.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
111
Taneytown's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Taneytown, MD?

According to the most recent data on the cost of living, Taneytown has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.

Compared to Maryland, Taneytown has a cost of living index that's 0.9x lower than Maryland's index of 120.

The standard of living in Taneytown ranks as #38 most affordable out of the 188 places we measured in Maryland. By definition, that implies Taneytown ranks as the #150 most expensive place in the Old Line State.

For more reading on life in Taneytown, check out:

38 out of 188
In Maryland
4,219 out of 6,412
In America

Taneytown Cost Of Living Vs. Maryland

Six factors go into calculating the cost of living index in Taneytown. Here is how it fairs on each of the criteria:

  • The Services index in Taneytown is 106.

  • The Groceries index in Taneytown is 115.

  • The Health index in Taneytown is 85.

  • The Housing index in Taneytown is 123.

  • The Transportation index in Taneytown is 100.

  • The Utilities index in Taneytown is 106.

Living Expense Taneytown Maryland National Average
Overall 111 120 100
Services 106 109 100
Groceries 115 108 100
Health 85 92 100
Housing 123 156 100
Transportation 100 100 100
Utilities 106 108 100
For more reading on cost of living around Maryland, check out:
Taneytown Cost of Living Vs. MD

Taneytown, 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 Taneytown is $266,500.

  • The Median Rent in Taneytown is $883.

  • The Median Income in Taneytown is $75,167.

  • The Home Value To Income in Taneytown is 3.5x.

  • The Rent To Monthly Income in Taneytown is 0.14x.

Statistic Taneytown Maryland United States
Median Home Value $266,500 $338,500 $244,900
Median Rent $883 $1,485 $1,163
Median Income $75,167 $91,431 $69,021
Home Value To Income 3.5x 3.7x 3.5x
Rent To Monthly Income 0.14x 0.19x 0.2x
Search Homes For Sale In Taneytown, MD
$266,500
Median Home Value
$883
Median Rent
$75,167
Median Income

Taneytown, MD Costs By Category

Detailed Taneytown Services Costs Vs. Maryland

Item Taneytown Maryland
Shampoo $1.0 $1.06
Movie $13.19 $10.68
Bowling $17.08 $14.67
Haircut $22.28 $18.62
Beauty Salon $52.83 $39.05

Detailed Taneytown Groceries Costs Vs. Maryland

Item Taneytown Maryland
Ground Beef $4.27 $4.22
Fried Chicken $1.66 $1.39
Milk $2.39 $2.05
Potatoes $4.1 $3.29
Pizza $11.99 $10.62
Beer $9.19 $9.38
Toothpaste $4.47 $2.34

Detailed Taneytown Health Costs Vs. Maryland

Item Taneytown Maryland
Optometrist $82.95 $108.57
Doctor $93.69 $116.17
Dentist $84.98 $99.13

Detailed Taneytown Transportation Costs Vs. Maryland

Item Taneytown Maryland
Gasoline $2.15 $2.22
Tire Balancing $54.77 $50.07

Detailed Taneytown Utilities Costs Vs. Maryland

Item Taneytown Maryland
All Electricity $176.72 $167.67
Phone $192.13 $175.64

Taneytown SnackAbility

5
/10
Overall SnackAbility
Jobs
8/10
Housing
8
Affordability
8
Diversity
6
Safety
N/A
Amenities
8.5
Education
7
Commute
3

Cost Of Living In Cities Around Taneytown

The cost of living varies in the cities and towns around Taneytown. Here's a quick look at the cost of living in the most populous nearby places:

  • Westminster, MD has a cost of living index of 108, 1.0x Taneytown.

  • Hanover, PA has a cost of living index of 96, 0.9x Taneytown.

  • Linganore, MD has a cost of living index of 134, 1.2x Taneytown.

City Population Cost Of Living Vs. Taneytown
Westminster, MD 19,783 108 1.0x
Hanover, PA 16,291 96 0.9x
Linganore, MD 10,959 134 1.2x
Mount Airy, MD 9,621 133 1.2x
Parkville, PA 8,131 100 0.9x
Gettysburg, PA 7,423 105 0.9x
Hampstead, MD 6,273 109 1.0x
Thurmont, MD 6,247 115 1.0x
Walkersville, MD 6,134 125 1.1x
Spring Ridge, MD 5,827 129 1.2x

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