Frederick, MD Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Frederick, MD Summary

Cost of living in Frederick 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 Frederick 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 Frederick is 116, with 100 being the average.

  • The cost of living index in Frederick is 1.2x higher than the national average.

  • Frederick ranks as the #65 cheapest in Maryland out of 188.

  • Frederick ranks as the #4,558 cheapest out of 6,412 in the US.

  • The median home value in Frederick is $289,000.

  • The median income in Frederick is $82,563.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
116
Frederick's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Frederick, MD?

According to the most recent data on the cost of living, Frederick has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.

Compared to Maryland, Frederick has a cost of living index that's 1.0x lower than Maryland's index of 120.

The standard of living in Frederick ranks as #65 most affordable out of the 188 places we measured in Maryland. By definition, that implies Frederick ranks as the #123 most expensive place in the Old Line State.

For more reading on life in Frederick, check out:

65 out of 188
In Maryland
4,558 out of 6,412
In America

Frederick Cost Of Living Vs. Maryland

Six factors go into calculating the cost of living index in Frederick. Here is how it fairs on each of the criteria:

  • The Services index in Frederick is 114.

  • The Groceries index in Frederick is 114.

  • The Health index in Frederick is 88.

  • The Housing index in Frederick is 134.

  • The Transportation index in Frederick is 114.

  • The Utilities index in Frederick is 109.

Living Expense Frederick Maryland National Average
Overall 116 120 100
Services 114 109 100
Groceries 114 108 100
Health 88 92 100
Housing 134 156 100
Transportation 114 100 100
Utilities 109 108 100
For more reading on cost of living around Maryland, check out:
Frederick Cost of Living Vs. MD

Frederick, 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 Frederick is $289,000.

  • The Median Rent in Frederick is $1,478.

  • The Median Income in Frederick is $82,563.

  • The Home Value To Income in Frederick is 3.5x.

  • The Rent To Monthly Income in Frederick is 0.21x.

Statistic Frederick Maryland United States
Median Home Value $289,000 $338,500 $244,900
Median Rent $1,478 $1,485 $1,163
Median Income $82,563 $91,431 $69,021
Home Value To Income 3.5x 3.7x 3.5x
Rent To Monthly Income 0.21x 0.19x 0.2x
Search Homes For Sale In Frederick, MD
$289,000
Median Home Value
$1,478
Median Rent
$82,563
Median Income

Frederick, MD Costs By Category

Detailed Frederick Services Costs Vs. Maryland

Item Frederick Maryland
Shampoo $1.43 $1.06
Movie $12.5 $10.68
Bowling $21.25 $14.67
Haircut $31.92 $18.62
Beauty Salon $63.67 $39.05

Detailed Frederick Groceries Costs Vs. Maryland

Item Frederick Maryland
Ground Beef $4.7 $4.22
Fried Chicken $1.75 $1.39
Milk $2.49 $2.05
Potatoes $3.99 $3.29
Pizza $11.99 $10.62
Beer $10.99 $9.38
Toothpaste $2.74 $2.34

Detailed Frederick Health Costs Vs. Maryland

Item Frederick Maryland
Optometrist $75.0 $108.57
Doctor $97.0 $116.17
Dentist $87.0 $99.13

Detailed Frederick Transportation Costs Vs. Maryland

Item Frederick Maryland
Gasoline $2.44 $2.22
Tire Balancing $62.0 $50.07

Detailed Frederick Utilities Costs Vs. Maryland

Item Frederick Maryland
All Electricity $193.98 $167.67
Phone $190.63 $175.64

Frederick SnackAbility

7
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
6
Diversity
9.5
Safety
N/A
Amenities
9
Education
8
Commute
4

Cost Of Living In Cities Around Frederick

The cost of living varies in the cities and towns around Frederick. Here's a quick look at the cost of living in the most populous nearby places:

  • Salina, KS has a cost of living index of 83, 0.7x Frederick.

  • Hutchinson, KS has a cost of living index of 84, 0.7x Frederick.

  • Great Bend, KS has a cost of living index of 85, 0.7x Frederick.

City Population Cost Of Living Vs. Frederick
Salina, KS 46,896 83 0.7x
Hutchinson, KS 40,202 84 0.7x
Great Bend, KS 14,864 85 0.7x
McPherson, KS 13,916 92 0.8x

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