Cost of living in McLean 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 McLean is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Virginia, 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 McLean is 220, with 100 being the average.
The cost of living index in McLean is 2.2x higher than the national average.
McLean ranks as the #185 cheapest in Virginia out of 186.
McLean ranks as the #6,353 cheapest out of 6,412 in the US.
The median home value in McLean is $1,102,100.
The median income in McLean is $242,610.
According to the most recent data on the cost of living, McLean has an overall cost of living index of 220, which is 2.2x higher than the national index of 100.
Compared to Virginia, McLean has a cost of living index that's 2.2x higher than Virginia's index of 102.
The standard of living in McLean ranks as #185 most affordable out of the 186 places we measured in Virginia. By definition, that implies McLean ranks as the #1 most expensive place in the Old Dominion.
For more reading on life in McLean, check out:
Six factors go into calculating the cost of living index in McLean. Here is how it fairs on each of the criteria:
The Services index in McLean is 116.
The Groceries index in McLean is 114.
The Health index in McLean is 88.
The Housing index in McLean is 466.
The Transportation index in McLean is 117.
The Utilities index in McLean is 112.
|Living Expense||McLean||Virginia||National Average|
Housing swings affordability the most between places in Virginia, 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 McLean is $1,102,100.
The Median Rent in McLean is $3,148.
The Median Income in McLean is $242,610.
The Home Value To Income in McLean is 4.5x.
The Rent To Monthly Income in McLean is 0.16x.
|Median Home Value||$1,102,100||$295,500||$244,900|
|Home Value To Income||4.5x||3.7x||3.5x|
|Rent To Monthly Income||0.16x||0.2x||0.2x|
The cost of living varies in the cities and towns around McLean. Here's a quick look at the cost of living in the most populous nearby places:
Potomac, MD has a cost of living index of 198, 0.9x McLean.
Olney, MD has a cost of living index of 150, 0.7x McLean.
North Potomac, MD has a cost of living index of 167, 0.8x McLean.
|City||Population||Cost Of Living||Vs. McLean|
|North Potomac, MD||24,449||167||0.8x|
|Kemp Mill, MD||14,509||141||0.6x|
|Falls Church, VA||14,494||176||0.8x|
|Chevy Chase, MD||9,889||204||0.9x|