College Park, MD Cost Of Living
Cost Of Living In College Park, MD Summary
Cost of living in College Park 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 College Park 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 College Park is 126, with 100 being the average.
The cost of living index in College Park is 1.3x higher than the national average.
College Park ranks as the #113 cheapest in Maryland out of 188.
College Park ranks as the #5,091 cheapest out of 6,412 in the US.
The median home value in College Park is $359,300.
The median income in College Park is $69,736.
Table Of Contents
College Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in College Park, MD?
According to the most recent data on the cost of living, College Park has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Maryland, College Park has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in College Park ranks as #113 most affordable out of the 188 places we measured in Maryland. By definition, that implies College Park ranks as the #75 most expensive place in the Old Line State.
For more reading on life in College Park, check out:
- Living In College Park
- Search Homes For Sale In College Park, MD
In Maryland
In America
College Park Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in College Park. Here is how it fairs on each of the criteria:
The Services index in College Park is 120.
The Groceries index in College Park is 115.
The Health index in College Park is 93.
The Housing index in College Park is 150.
The Transportation index in College Park is 106.
The Utilities index in College Park is 113.
| Living Expense | College Park | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 126 | 120 | 100 | |
| Services | 120 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 93 | 92 | 100 | |
| Housing | 150 | 156 | 100 | |
| Transportation | 106 | 100 | 100 | |
| Utilities | 113 | 108 | 100 | |
College Park, 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 College Park is $359,300.
The Median Rent in College Park is $1,626.
The Median Income in College Park is $69,736.
The Home Value To Income in College Park is 5.2x.
The Rent To Monthly Income in College Park is 0.28x.
| Statistic | College Park | Maryland | United States |
|---|---|---|---|
| Median Home Value | $359,300 | $338,500 | $244,900 |
| Median Rent | $1,626 | $1,485 | $1,163 |
| Median Income | $69,736 | $91,431 | $69,021 |
| Home Value To Income | 5.2x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
College Park, MD Costs By Category
Detailed College Park Services Costs Vs. Maryland
| Item | College Park | Maryland |
|---|---|---|
| Shampoo | $1.36 | $1.06 |
| Movie | $13.92 | $10.68 |
| Bowling | $19.57 | $14.67 |
| Haircut | $30.9 | $18.62 |
| Beauty Salon | $66.76 | $39.05 |
Detailed College Park Groceries Costs Vs. Maryland
| Item | College Park | Maryland |
|---|---|---|
| Ground Beef | $4.41 | $4.22 |
| Fried Chicken | $1.8 | $1.39 |
| Milk | $2.46 | $2.05 |
| Potatoes | $4.33 | $3.29 |
| Pizza | $11.68 | $10.62 |
| Beer | $10.08 | $9.38 |
| Toothpaste | $3.47 | $2.34 |
Detailed College Park Health Costs Vs. Maryland
| Item | College Park | Maryland |
|---|---|---|
| Optometrist | $79.25 | $108.57 |
| Doctor | $109.41 | $116.17 |
| Dentist | $94.31 | $99.13 |
Detailed College Park Transportation Costs Vs. Maryland
| Item | College Park | Maryland |
|---|---|---|
| Gasoline | $2.31 | $2.22 |
| Tire Balancing | $53.69 | $50.07 |
Detailed College Park Utilities Costs Vs. Maryland
| Item | College Park | Maryland |
|---|---|---|
| All Electricity | $204.75 | $167.67 |
| Phone | $184.51 | $175.64 |
College Park SnackAbility
/10
Cost Of Living In Cities Around College Park
The cost of living varies in the cities and towns around College Park. Here's a quick look at the cost of living in the most populous nearby places:
Chillum, MD has a cost of living index of 122, 1.0x College Park.
Olney, MD has a cost of living index of 150, 1.2x College Park.
Ilchester, MD has a cost of living index of 133, 1.1x College Park.
| City | Population | Cost Of Living | Vs. College Park |
|---|---|---|---|
| Chillum, MD | 36,428 | 122 | 1.0x |
| Olney, MD | 35,815 | 150 | 1.2x |
| Ilchester, MD | 27,513 | 133 | 1.1x |
| Greenbelt, MD | 24,602 | 117 | 0.9x |
| North Potomac, MD | 24,449 | 167 | 1.3x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Hyattsville, MD | 20,790 | 123 | 1.0x |
| Langley Park, MD | 20,769 | 119 | 0.9x |
| East Riverdale, MD | 17,136 | 117 | 0.9x |
| Adelphi, MD | 16,977 | 123 | 1.0x |
