Lutherville, MD Cost Of Living

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

Cost Of Living In Lutherville, MD Summary

Cost of living in Lutherville 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 Lutherville 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 Lutherville is 122, with 100 being the average.

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

  • Lutherville ranks as the #92 cheapest in Maryland out of 188.

  • Lutherville ranks as the #4,905 cheapest out of 6,412 in the US.

  • The median home value in Lutherville is $376,200.

  • The median income in Lutherville is $129,567.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
122
Lutherville's Overall Cost Of Living
1.2x
Higher Than The National Average

What is the cost of living in Lutherville, MD?

According to the most recent data on the cost of living, Lutherville has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.

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

The standard of living in Lutherville ranks as #92 most affordable out of the 188 places we measured in Maryland. By definition, that implies Lutherville ranks as the #96 most expensive place in the Old Line State.

For more reading on life in Lutherville, check out:

92 out of 188
In Maryland
4,905 out of 6,412
In America

Lutherville Cost Of Living Vs. Maryland

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

  • The Services index in Lutherville is 105.

  • The Groceries index in Lutherville is 113.

  • The Health index in Lutherville is 82.

  • The Housing index in Lutherville is 162.

  • The Transportation index in Lutherville is 100.

  • The Utilities index in Lutherville is 106.

Living Expense Lutherville Maryland National Average
Overall 122 120 100
Services 105 109 100
Groceries 113 108 100
Health 82 92 100
Housing 162 156 100
Transportation 100 100 100
Utilities 106 108 100
For more reading on cost of living around Maryland, check out:
Lutherville Cost of Living Vs. MD

Lutherville, 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 Lutherville is $376,200.

  • The Median Rent in Lutherville is $1,342.

  • The Median Income in Lutherville is $129,567.

  • The Home Value To Income in Lutherville is 2.9x.

  • The Rent To Monthly Income in Lutherville is 0.12x.

Statistic Lutherville Maryland United States
Median Home Value $376,200 $338,500 $244,900
Median Rent $1,342 $1,485 $1,163
Median Income $129,567 $91,431 $69,021
Home Value To Income 2.9x 3.7x 3.5x
Rent To Monthly Income 0.12x 0.19x 0.2x
Search Homes For Sale In Lutherville, MD
$376,200
Median Home Value
$1,342
Median Rent
$129,567
Median Income

Lutherville, MD Costs By Category

Detailed Lutherville Services Costs Vs. Maryland

Item Lutherville Maryland
Shampoo $1.0 $1.06
Movie $13.19 $10.68
Bowling $17.08 $14.67
Haircut $22.28 $18.62
Beauty Salon $52.83 $39.05

Detailed Lutherville Groceries Costs Vs. Maryland

Item Lutherville Maryland
Ground Beef $4.27 $4.22
Fried Chicken $1.66 $1.39
Milk $2.39 $2.05
Potatoes $4.1 $3.29
Pizza $11.99 $10.62
Beer $9.19 $9.38
Toothpaste $4.47 $2.34

Detailed Lutherville Health Costs Vs. Maryland

Item Lutherville Maryland
Optometrist $82.95 $108.57
Doctor $93.69 $116.17
Dentist $84.98 $99.13

Detailed Lutherville Transportation Costs Vs. Maryland

Item Lutherville Maryland
Gasoline $2.15 $2.22
Tire Balancing $54.77 $50.07

Detailed Lutherville Utilities Costs Vs. Maryland

Item Lutherville Maryland
All Electricity $176.72 $167.67
Phone $192.13 $175.64

Lutherville SnackAbility

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

Cost Of Living In Cities Around Lutherville

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

  • Towson, MD has a cost of living index of 123, 1.0x Lutherville.

  • Bel Air South, MD has a cost of living index of 115, 0.9x Lutherville.

  • Pikesville, MD has a cost of living index of 123, 1.0x Lutherville.

City Population Cost Of Living Vs. Lutherville
Towson, MD 59,014 123 1.0x
Bel Air South, MD 56,928 115 0.9x
Pikesville, MD 33,549 123 1.0x
Pasadena, MD 31,583 122 1.0x
Bel Air North, MD 30,969 124 1.0x
Parkville, MD 30,783 107 0.9x
Eldersburg, MD 30,418 126 1.0x
Carney, MD 29,873 114 0.9x
Ilchester, MD 27,513 133 1.1x
Elkridge, MD 24,115 127 1.0x

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