Halfway, MD Cost Of Living
Cost Of Living In Halfway, MD Summary
Cost of living in Halfway 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 Halfway 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 Halfway is 94, with 100 being the average.
The cost of living index in Halfway is 0.9x lower than the national average.
Halfway ranks as the #2 cheapest in Maryland out of 188.
Halfway ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Halfway is $196,700.
The median income in Halfway is $64,539.
Table Of Contents
Halfway's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Halfway, MD?
According to the most recent data on the cost of living, Halfway has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Maryland, Halfway has a cost of living index that's 0.8x lower than Maryland's index of 120.
The standard of living in Halfway ranks as #2 most affordable out of the 188 places we measured in Maryland. By definition, that implies Halfway ranks as the #186 most expensive place in the Old Line State.
For more reading on life in Halfway, check out:
- Living In Halfway
- Search Homes For Sale In Halfway, MD
In Maryland
In America
Halfway Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Halfway. Here is how it fairs on each of the criteria:
The Services index in Halfway is 103.
The Groceries index in Halfway is 96.
The Health index in Halfway is 101.
The Housing index in Halfway is 88.
The Transportation index in Halfway is 93.
The Utilities index in Halfway is 99.
| Living Expense | Halfway | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 94 | 120 | 100 | |
| Services | 103 | 109 | 100 | |
| Groceries | 96 | 108 | 100 | |
| Health | 101 | 92 | 100 | |
| Housing | 88 | 156 | 100 | |
| Transportation | 93 | 100 | 100 | |
| Utilities | 99 | 108 | 100 | |
Halfway, 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 Halfway is $196,700.
The Median Rent in Halfway is $969.
The Median Income in Halfway is $64,539.
The Home Value To Income in Halfway is 3.0x.
The Rent To Monthly Income in Halfway is 0.18x.
| Statistic | Halfway | Maryland | United States |
|---|---|---|---|
| Median Home Value | $196,700 | $338,500 | $244,900 |
| Median Rent | $969 | $1,485 | $1,163 |
| Median Income | $64,539 | $91,431 | $69,021 |
| Home Value To Income | 3.0x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Halfway, MD Costs By Category
Detailed Halfway Services Costs Vs. Maryland
Detailed Halfway Groceries Costs Vs. Maryland
Detailed Halfway Health Costs Vs. Maryland
Detailed Halfway Transportation Costs Vs. Maryland
Detailed Halfway Utilities Costs Vs. Maryland
Halfway SnackAbility
/10
Cost Of Living In Cities Around Halfway
The cost of living varies in the cities and towns around Halfway. Here's a quick look at the cost of living in the most populous nearby places:
Hagerstown, MD has a cost of living index of 95, 1.0x Halfway.
Martinsburg, WV has a cost of living index of 96, 1.0x Halfway.
Waynesboro, PA has a cost of living index of 92, 1.0x Halfway.
| City | Population | Cost Of Living | Vs. Halfway |
|---|---|---|---|
| Hagerstown, MD | 43,015 | 95 | 1.0x |
| Martinsburg, WV | 18,502 | 96 | 1.0x |
| Waynesboro, PA | 10,871 | 92 | 1.0x |
| Robinwood, MD | 7,662 | 113 | 1.2x |
| Thurmont, MD | 6,247 | 115 | 1.2x |
| Fountainhead-Orchard Hills, MD | 6,113 | 109 | 1.2x |
