Cost of living in Wheaton 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 Wheaton 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 Wheaton is 132, with 100 being the average.
The cost of living index in Wheaton is 1.3x higher than the national average.
Wheaton ranks as the #136 cheapest in Maryland out of 188.
Wheaton ranks as the #5,326 cheapest out of 6,412 in the US.
The median home value in Wheaton is $398,900.
The median income in Wheaton is $95,625.
According to the most recent data on the cost of living, Wheaton has an overall cost of living index of 132, which is 1.3x higher than the national index of 100.
Compared to Maryland, Wheaton has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Wheaton ranks as #136 most affordable out of the 188 places we measured in Maryland. By definition, that implies Wheaton ranks as the #52 most expensive place in the Old Line State.
For more reading on life in Wheaton, check out:
Six factors go into calculating the cost of living index in Wheaton. Here is how it fairs on each of the criteria:
The Services index in Wheaton is 117.
The Groceries index in Wheaton is 115.
The Health index in Wheaton is 88.
The Housing index in Wheaton is 183.
The Transportation index in Wheaton is 117.
The Utilities index in Wheaton is 111.
|Living Expense||Wheaton||Maryland||National Average|
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 Wheaton is $398,900.
The Median Rent in Wheaton is $1,906.
The Median Income in Wheaton is $95,625.
The Home Value To Income in Wheaton is 4.2x.
The Rent To Monthly Income in Wheaton is 0.24x.
|Median Home Value||$398,900||$338,500||$244,900|
|Home Value To Income||4.2x||3.7x||3.5x|
|Rent To Monthly Income||0.24x||0.19x||0.2x|
The cost of living varies in the cities and towns around Wheaton. 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 150, 1.1x Wheaton.
Ilchester, MD has a cost of living index of 133, 1.0x Wheaton.
North Potomac, MD has a cost of living index of 167, 1.3x Wheaton.
|City||Population||Cost Of Living||Vs. Wheaton|
|North Potomac, MD||24,449||167||1.3x|
|North Laurel, MD||24,233||129||1.0x|
|Kemp Mill, MD||14,509||141||1.1x|
|North Kensington, MD||8,771||141||1.1x|
|South Kensington, MD||8,566||181||1.4x|
|Four Corners, MD||8,131||148||1.1x|