Fallston, MD Cost Of Living
Cost Of Living In Fallston, MD Summary
Cost of living in Fallston 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 Fallston 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 Fallston is 128, with 100 being the average.
The cost of living index in Fallston is 1.3x higher than the national average.
Fallston ranks as the #121 cheapest in Maryland out of 188.
Fallston ranks as the #5,183 cheapest out of 6,412 in the US.
The median home value in Fallston is $444,100.
The median income in Fallston is $145,804.
Table Of Contents
Fallston's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fallston, MD?
According to the most recent data on the cost of living, Fallston has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to Maryland, Fallston has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Fallston ranks as #121 most affordable out of the 188 places we measured in Maryland. By definition, that implies Fallston ranks as the #67 most expensive place in the Old Line State.
For more reading on life in Fallston, check out:
- Living In Fallston
- Search Homes For Sale In Fallston, MD
In Maryland
In America
Fallston Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Fallston. Here is how it fairs on each of the criteria:
The Services index in Fallston is 106.
The Groceries index in Fallston is 114.
The Health index in Fallston is 84.
The Housing index in Fallston is 174.
The Transportation index in Fallston is 101.
The Utilities index in Fallston is 106.
| Living Expense | Fallston | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 128 | 120 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 84 | 92 | 100 | |
| Housing | 174 | 156 | 100 | |
| Transportation | 101 | 100 | 100 | |
| Utilities | 106 | 108 | 100 | |
Fallston, 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 Fallston is $444,100.
The Median Rent in Fallston is $1,309.
The Median Income in Fallston is $145,804.
The Home Value To Income in Fallston is 3.0x.
The Rent To Monthly Income in Fallston is 0.11x.
| Statistic | Fallston | Maryland | United States |
|---|---|---|---|
| Median Home Value | $444,100 | $338,500 | $244,900 |
| Median Rent | $1,309 | $1,485 | $1,163 |
| Median Income | $145,804 | $91,431 | $69,021 |
| Home Value To Income | 3.0x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.11x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Fallston, MD Costs By Category
Detailed Fallston Services Costs Vs. Maryland
Detailed Fallston Groceries Costs Vs. Maryland
Detailed Fallston Health Costs Vs. Maryland
Detailed Fallston Transportation Costs Vs. Maryland
Detailed Fallston Utilities Costs Vs. Maryland
Fallston SnackAbility
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Cost Of Living In Cities Around Fallston
The cost of living varies in the cities and towns around Fallston. Here's a quick look at the cost of living in the most populous nearby places:
Bel Air South, MD has a cost of living index of 115, 0.9x Fallston.
Bel Air North, MD has a cost of living index of 124, 1.0x Fallston.
Carney, MD has a cost of living index of 114, 0.9x Fallston.
| City | Population | Cost Of Living | Vs. Fallston |
|---|---|---|---|
| Bel Air South, MD | 56,928 | 115 | 0.9x |
| Bel Air North, MD | 30,969 | 124 | 1.0x |
| Carney, MD | 29,873 | 114 | 0.9x |
| Perry Hall, MD | 29,165 | 114 | 0.9x |
| Joppatowne, MD | 12,992 | 114 | 0.9x |
| Mays Chapel, MD | 12,428 | 130 | 1.0x |
| Timonium, MD | 11,136 | 133 | 1.0x |
| Lutherville, MD | 6,755 | 122 | 1.0x |
| Riverside, MD | 6,193 | 110 | 0.9x |
