Potomac, MD Cost Of Living

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

Cost Of Living In Potomac, MD Summary

Cost of living in Potomac 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 Potomac 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 Potomac is 198, with 100 being the average.

  • The cost of living index in Potomac is 2.0x higher than the national average.

  • Potomac ranks as the #186 cheapest in Maryland out of 188.

  • Potomac ranks as the #6,308 cheapest out of 6,412 in the US.

  • The median home value in Potomac is $937,000.

  • The median income in Potomac is $198,870.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
198
Potomac's Overall Cost Of Living
2.0x
Higher Than The National Average

What is the cost of living in Potomac, MD?

According to the most recent data on the cost of living, Potomac has an overall cost of living index of 198, which is 2.0x higher than the national index of 100.

Compared to Maryland, Potomac has a cost of living index that's 1.6x higher than Maryland's index of 120.

The standard of living in Potomac ranks as #186 most affordable out of the 188 places we measured in Maryland. By definition, that implies Potomac ranks as the #2 most expensive place in the Old Line State.

For more reading on life in Potomac, check out:

186 out of 188
In Maryland
6,308 out of 6,412
In America

Potomac Cost Of Living Vs. Maryland

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

  • The Services index in Potomac is 116.

  • The Groceries index in Potomac is 115.

  • The Health index in Potomac is 85.

  • The Housing index in Potomac is 394.

  • The Transportation index in Potomac is 116.

  • The Utilities index in Potomac is 111.

Living Expense Potomac Maryland National Average
Overall 198 120 100
Services 116 109 100
Groceries 115 108 100
Health 85 92 100
Housing 394 156 100
Transportation 116 100 100
Utilities 111 108 100
For more reading on cost of living around Maryland, check out:
Potomac Cost of Living Vs. MD

Potomac, 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 Potomac is $937,000.

  • The Median Rent in Potomac is $2,340.

  • The Median Income in Potomac is $198,870.

  • The Home Value To Income in Potomac is 4.7x.

  • The Rent To Monthly Income in Potomac is 0.14x.

Statistic Potomac Maryland United States
Median Home Value $937,000 $338,500 $244,900
Median Rent $2,340 $1,485 $1,163
Median Income $198,870 $91,431 $69,021
Home Value To Income 4.7x 3.7x 3.5x
Rent To Monthly Income 0.14x 0.19x 0.2x
Search Homes For Sale In Potomac, MD
$937,000
Median Home Value
$2,340
Median Rent
$198,870
Median Income

Potomac, MD Costs By Category

Detailed Potomac Services Costs Vs. Maryland

Item Potomac 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 Potomac Groceries Costs Vs. Maryland

Item Potomac 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 Potomac Health Costs Vs. Maryland

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

Detailed Potomac Transportation Costs Vs. Maryland

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

Detailed Potomac Utilities Costs Vs. Maryland

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

Potomac SnackAbility

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

Cost Of Living In Cities Around Potomac

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

  • Rockville, MD has a cost of living index of 154, 0.8x Potomac.

  • Bethesda, MD has a cost of living index of 192, 1.0x Potomac.

  • North Bethesda, MD has a cost of living index of 159, 0.8x Potomac.

City Population Cost Of Living Vs. Potomac
Rockville, MD 67,095 154 0.8x
Bethesda, MD 66,294 192 1.0x
North Bethesda, MD 50,695 159 0.8x
McLean, VA 49,310 220 1.1x
Olney, MD 35,815 150 0.8x
Clarksburg, MD 27,354 153 0.8x
North Potomac, MD 24,449 167 0.8x
Great Falls, VA 14,690 238 1.2x
Kemp Mill, MD 14,509 141 0.7x
Colesville, MD 14,468 140 0.7x

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