Mayo, MD Cost Of Living

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

Cost Of Living In Mayo, MD Summary

Cost of living in Mayo 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 Mayo 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 Mayo is 151, with 100 being the average.

  • The cost of living index in Mayo is 1.5x higher than the national average.

  • Mayo ranks as the #174 cheapest in Maryland out of 188.

  • Mayo ranks as the #5,861 cheapest out of 6,412 in the US.

  • The median home value in Mayo is $494,300.

  • The median income in Mayo is $135,335.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
151
Mayo's Overall Cost Of Living
1.5x
Higher Than The National Average

What is the cost of living in Mayo, MD?

According to the most recent data on the cost of living, Mayo has an overall cost of living index of 151, which is 1.5x higher than the national index of 100.

Compared to Maryland, Mayo has a cost of living index that's 1.3x higher than Maryland's index of 120.

The standard of living in Mayo ranks as #174 most affordable out of the 188 places we measured in Maryland. By definition, that implies Mayo ranks as the #14 most expensive place in the Old Line State.

For more reading on life in Mayo, check out:

174 out of 188
In Maryland
5,861 out of 6,412
In America

Mayo Cost Of Living Vs. Maryland

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

  • The Services index in Mayo is 123.

  • The Groceries index in Mayo is 118.

  • The Health index in Mayo is 92.

  • The Housing index in Mayo is 229.

  • The Transportation index in Mayo is 108.

  • The Utilities index in Mayo is 115.

Living Expense Mayo Maryland National Average
Overall 151 120 100
Services 123 109 100
Groceries 118 108 100
Health 92 92 100
Housing 229 156 100
Transportation 108 100 100
Utilities 115 108 100
For more reading on cost of living around Maryland, check out:
Mayo Cost of Living Vs. MD

Mayo, 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 Mayo is $494,300.

  • The Median Rent in Mayo is $2,012.

  • The Median Income in Mayo is $135,335.

  • The Home Value To Income in Mayo is 3.7x.

  • The Rent To Monthly Income in Mayo is 0.18x.

Statistic Mayo Maryland United States
Median Home Value $494,300 $338,500 $244,900
Median Rent $2,012 $1,485 $1,163
Median Income $135,335 $91,431 $69,021
Home Value To Income 3.7x 3.7x 3.5x
Rent To Monthly Income 0.18x 0.19x 0.2x
Search Homes For Sale In Mayo, MD
$494,300
Median Home Value
$2,012
Median Rent
$135,335
Median Income

Mayo, MD Costs By Category

Detailed Mayo Services Costs Vs. Maryland

Item Mayo Maryland
Shampoo $1.36 $1.06
Movie $13.92 $10.68
Bowling $19.57 $14.67
Haircut $30.9 $18.62
Beauty Salon $66.76 $39.05

Detailed Mayo Groceries Costs Vs. Maryland

Item Mayo Maryland
Ground Beef $4.41 $4.22
Fried Chicken $1.8 $1.39
Milk $2.46 $2.05
Potatoes $4.33 $3.29
Pizza $11.68 $10.62
Beer $10.08 $9.38
Toothpaste $3.47 $2.34

Detailed Mayo Health Costs Vs. Maryland

Item Mayo Maryland
Optometrist $79.25 $108.57
Doctor $109.41 $116.17
Dentist $94.31 $99.13

Detailed Mayo Transportation Costs Vs. Maryland

Item Mayo Maryland
Gasoline $2.31 $2.22
Tire Balancing $53.69 $50.07

Detailed Mayo Utilities Costs Vs. Maryland

Item Mayo Maryland
All Electricity $204.75 $167.67
Phone $184.51 $175.64

Mayo SnackAbility

5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9.5
Affordability
8
Diversity
4
Safety
N/A
Amenities
8
Education
8.5
Commute
3

Cost Of Living In Cities Around Mayo

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

  • Bowie, MD has a cost of living index of 134, 0.9x Mayo.

  • Annapolis, MD has a cost of living index of 129, 0.9x Mayo.

  • Severna Park, MD has a cost of living index of 146, 1.0x Mayo.

City Population Cost Of Living Vs. Mayo
Bowie, MD 58,113 134 0.9x
Annapolis, MD 40,581 129 0.9x
Severna Park, MD 39,108 146 1.0x
Crofton, MD 29,812 140 0.9x
Arnold, MD 25,056 134 0.9x
Lake Shore, MD 19,388 127 0.8x
Parole, MD 18,488 137 0.9x
Annapolis Neck, MD 13,059 153 1.0x
Mitchellville, MD 12,160 138 0.9x
Riviera Beach, MD 12,012 119 0.8x

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