Westminster, MD Cost Of Living
Cost Of Living In Westminster, MD Summary
Cost of living in Westminster 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 Westminster 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 Westminster is 112, with 100 being the average.
The cost of living index in Westminster is 1.1x higher than the national average.
Westminster ranks as the #32 cheapest in Maryland out of 194.
Westminster ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Westminster is $460,617.
The median income in Westminster is $79,431.
Table Of Contents
Westminster's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Westminster, MD?
According to the most recent data on the cost of living, Westminster has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Maryland, Westminster has a cost of living index that's 0.9x lower than Maryland's index of 121.
The standard of living in Westminster ranks as #32 most affordable out of the 194 places we measured in Maryland. By definition, that implies Westminster ranks as the #162 most expensive place in the Old Line State.
For more reading on life in Westminster, check out:
In Maryland
In America
Westminster Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Westminster. Here is how it fairs on each of the criteria:
The Services index in Westminster is 102.
The Groceries index in Westminster is 106.
The Health index in Westminster is 99.
The Housing index in Westminster is 128.
The Transportation index in Westminster is 99.
The Utilities index in Westminster is 112.
| Living Expense | Westminster | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 112 | 121 | 100 | |
| Services | 102 | 105 | 100 | |
| Groceries | 106 | 107 | 100 | |
| Health | 99 | 96 | 100 | |
| Housing | 128 | 150 | 100 | |
| Transportation | 99 | 99 | 100 | |
| Utilities | 112 | 113 | 100 | |
Westminster, 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 Westminster is $460,617.
The Median Rent in Westminster is $1,410.
The Median Income in Westminster is $79,431.
The Home Value To Income in Westminster is 5.8x.
The Rent To Monthly Income in Westminster is 0.21x.
| Statistic | Westminster | Maryland | United States |
|---|---|---|---|
| Median Home Value | $460,617 | $427,628 | $303,400 |
| Median Rent | $1,410 | $1,662 | $1,348 |
| Median Income | $79,431 | $101,652 | $78,538 |
| Home Value To Income | 5.8x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Westminster, MD Costs By Category
Detailed Westminster Services Costs Vs. Maryland
| Item | Westminster | Maryland |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $13.69 | $12.13 |
| Bowling | $23.03 | $18 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $58.17 | $45.56 |
Detailed Westminster Groceries Costs Vs. Maryland
| Item | Westminster | Maryland |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.46 | $4.93 |
| Pizza | $13.24 | $12.09 |
| Beer | $10.36 | $10.41 |
| Toothpaste | $3.69 | $3.7 |
Detailed Westminster Health Costs Vs. Maryland
| Item | Westminster | Maryland |
|---|---|---|
| Optometrist | $114.22 | $125.68 |
| Doctor | $133.22 | $135.78 |
| Dentist | $117.22 | $113.29 |
Detailed Westminster Transportation Costs Vs. Maryland
| Item | Westminster | Maryland |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $62.66 | $59.92 |
Detailed Westminster Utilities Costs Vs. Maryland
| Item | Westminster | Maryland |
|---|---|---|
| All Electricity | $223.91 | $193.99 |
| Phone | $199.62 | $192.25 |
Westminster SnackAbility
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Cost Of Living In Cities Around Westminster
The cost of living varies in the cities and towns around Westminster. Here's a quick look at the cost of living in the most populous nearby places:
Randallstown, MD has a cost of living index of 114, 1.0x Westminster.
Eldersburg, MD has a cost of living index of 127, 1.1x Westminster.
Reisterstown, MD has a cost of living index of 115, 1.0x Westminster.
| City | Population | Cost Of Living | Vs. Westminster |
|---|---|---|---|
| Randallstown, MD | 35,975 | 114 | 1.0x |
| Eldersburg, MD | 30,626 | 127 | 1.1x |
| Reisterstown, MD | 27,764 | 115 | 1.0x |
| Hanover, PA | 16,483 | 97 | 0.9x |
| Linganore, MD | 13,044 | 140 | 1.2x |
| Garrison, MD | 10,449 | 119 | 1.1x |
| Mount Airy, MD | 9,746 | 131 | 1.2x |
| Parkville, PA | 8,354 | 103 | 0.9x |
| Taneytown, MD | 7,295 | 109 | 1.0x |
| Hampstead, MD | 6,311 | 109 | 1.0x |
