Lexington Park, MD Cost Of Living
Cost Of Living In Lexington Park, MD Summary
Cost of living in Lexington 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 Lexington 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 Lexington Park is 111, with 100 being the average.
The cost of living index in Lexington Park is 1.1x higher than the national average.
Lexington Park ranks as the #38 cheapest in Maryland out of 188.
Lexington Park ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Lexington Park is $244,400.
The median income in Lexington Park is $73,974.
Table Of Contents
Lexington Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lexington Park, MD?
According to the most recent data on the cost of living, Lexington Park has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Maryland, Lexington Park has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Lexington Park ranks as #38 most affordable out of the 188 places we measured in Maryland. By definition, that implies Lexington Park ranks as the #150 most expensive place in the Old Line State.
For more reading on life in Lexington Park, check out:
- Living In Lexington Park
- Search Homes For Sale In Lexington Park, MD
In Maryland
In America
Lexington Park Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Lexington Park. Here is how it fairs on each of the criteria:
The Services index in Lexington Park is 107.
The Groceries index in Lexington Park is 119.
The Health index in Lexington Park is 102.
The Housing index in Lexington Park is 119.
The Transportation index in Lexington Park is 100.
The Utilities index in Lexington Park is 96.
| Living Expense | Lexington Park | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 111 | 120 | 100 | |
| Services | 107 | 109 | 100 | |
| Groceries | 119 | 108 | 100 | |
| Health | 102 | 92 | 100 | |
| Housing | 119 | 156 | 100 | |
| Transportation | 100 | 100 | 100 | |
| Utilities | 96 | 108 | 100 | |
Lexington 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 Lexington Park is $244,400.
The Median Rent in Lexington Park is $1,575.
The Median Income in Lexington Park is $73,974.
The Home Value To Income in Lexington Park is 3.3x.
The Rent To Monthly Income in Lexington Park is 0.26x.
| Statistic | Lexington Park | Maryland | United States |
|---|---|---|---|
| Median Home Value | $244,400 | $338,500 | $244,900 |
| Median Rent | $1,575 | $1,485 | $1,163 |
| Median Income | $73,974 | $91,431 | $69,021 |
| Home Value To Income | 3.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lexington Park, MD Costs By Category
Detailed Lexington Park Services Costs Vs. Maryland
| Item | Lexington Park | Maryland |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.45 | $10.68 |
| Bowling | $19.83 | $14.67 |
| Haircut | $25.56 | $18.62 |
| Beauty Salon | $56.94 | $39.05 |
Detailed Lexington Park Groceries Costs Vs. Maryland
| Item | Lexington Park | Maryland |
|---|---|---|
| Ground Beef | $4.79 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.21 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $10.66 | $9.38 |
| Toothpaste | $3.52 | $2.34 |
Detailed Lexington Park Health Costs Vs. Maryland
| Item | Lexington Park | Maryland |
|---|---|---|
| Optometrist | $104.67 | $108.57 |
| Doctor | $128.0 | $116.17 |
| Dentist | $103.17 | $99.13 |
Detailed Lexington Park Transportation Costs Vs. Maryland
| Item | Lexington Park | Maryland |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $51.0 | $50.07 |
Detailed Lexington Park Utilities Costs Vs. Maryland
| Item | Lexington Park | Maryland |
|---|---|---|
| All Electricity | $160.85 | $167.67 |
| Phone | $177.97 | $175.64 |
Lexington Park SnackAbility
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Cost Of Living In Cities Around Lexington Park
The cost of living varies in the cities and towns around Lexington Park. Here's a quick look at the cost of living in the most populous nearby places:
Fort Hunt, VA has a cost of living index of 180, 1.6x Lexington Park.
Bensville, MD has a cost of living index of 135, 1.2x Lexington Park.
California, MD has a cost of living index of 121, 1.1x Lexington Park.
| City | Population | Cost Of Living | Vs. Lexington Park |
|---|---|---|---|
| Fort Hunt, VA | 16,322 | 180 | 1.6x |
| Bensville, MD | 14,483 | 135 | 1.2x |
| California, MD | 14,129 | 121 | 1.1x |
| Mount Vernon, VA | 13,707 | 153 | 1.4x |
| Annapolis Neck, MD | 13,059 | 153 | 1.4x |
| Brock Hall, MD | 12,764 | 142 | 1.3x |
| Friendly, MD | 10,192 | 127 | 1.1x |
| Chesapeake Ranch Estates, MD | 9,387 | 114 | 1.0x |
| Edgewater, MD | 9,075 | 133 | 1.2x |
| Mayo, MD | 8,197 | 151 | 1.4x |
