Spring Ridge, MD Cost Of Living

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

Cost Of Living In Spring Ridge, MD Summary

Cost of living in Spring Ridge 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 Spring Ridge 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 Spring Ridge is 129, with 100 being the average.

  • The cost of living index in Spring Ridge is 1.3x higher than the national average.

  • Spring Ridge ranks as the #126 cheapest in Maryland out of 188.

  • Spring Ridge ranks as the #5,222 cheapest out of 6,412 in the US.

  • The median home value in Spring Ridge is $364,400.

  • The median income in Spring Ridge is $116,786.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
129
Spring Ridge's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Spring Ridge, MD?

According to the most recent data on the cost of living, Spring Ridge has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.

Compared to Maryland, Spring Ridge has a cost of living index that's 1.1x higher than Maryland's index of 120.

The standard of living in Spring Ridge ranks as #126 most affordable out of the 188 places we measured in Maryland. By definition, that implies Spring Ridge ranks as the #62 most expensive place in the Old Line State.

For more reading on life in Spring Ridge, check out:

126 out of 188
In Maryland
5,222 out of 6,412
In America

Spring Ridge Cost Of Living Vs. Maryland

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

  • The Services index in Spring Ridge is 114.

  • The Groceries index in Spring Ridge is 115.

  • The Health index in Spring Ridge is 88.

  • The Housing index in Spring Ridge is 169.

  • The Transportation index in Spring Ridge is 116.

  • The Utilities index in Spring Ridge is 110.

Living Expense Spring Ridge Maryland National Average
Overall 129 120 100
Services 114 109 100
Groceries 115 108 100
Health 88 92 100
Housing 169 156 100
Transportation 116 100 100
Utilities 110 108 100
For more reading on cost of living around Maryland, check out:
Spring Ridge Cost of Living Vs. MD

Spring Ridge, 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 Spring Ridge is $364,400.

  • The Median Rent in Spring Ridge is $1,686.

  • The Median Income in Spring Ridge is $116,786.

  • The Home Value To Income in Spring Ridge is 3.1x.

  • The Rent To Monthly Income in Spring Ridge is 0.17x.

Statistic Spring Ridge Maryland United States
Median Home Value $364,400 $338,500 $244,900
Median Rent $1,686 $1,485 $1,163
Median Income $116,786 $91,431 $69,021
Home Value To Income 3.1x 3.7x 3.5x
Rent To Monthly Income 0.17x 0.19x 0.2x
Search Homes For Sale In Spring Ridge, MD
$364,400
Median Home Value
$1,686
Median Rent
$116,786
Median Income

Spring Ridge, MD Costs By Category

Detailed Spring Ridge Services Costs Vs. Maryland

Item Spring Ridge 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 Spring Ridge Groceries Costs Vs. Maryland

Item Spring Ridge 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 Spring Ridge Health Costs Vs. Maryland

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

Detailed Spring Ridge Transportation Costs Vs. Maryland

Item Spring Ridge Maryland
Gasoline $2.44 $2.22
Tire Balancing $62.0 $50.07

Detailed Spring Ridge Utilities Costs Vs. Maryland

Item Spring Ridge Maryland
All Electricity $193.98 $167.67
Phone $190.63 $175.64

Spring Ridge SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
7
Diversity
7
Safety
N/A
Amenities
8
Education
9.5
Commute
3

Cost Of Living In Cities Around Spring Ridge

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

  • Germantown, MD has a cost of living index of 130, 1.0x Spring Ridge.

  • Frederick, MD has a cost of living index of 116, 0.9x Spring Ridge.

  • Clarksburg, MD has a cost of living index of 153, 1.2x Spring Ridge.

City Population Cost Of Living Vs. Spring Ridge
Germantown, MD 90,235 130 1.0x
Frederick, MD 76,376 116 0.9x
Clarksburg, MD 27,354 153 1.2x
Ballenger Creek, MD 23,114 119 0.9x
Damascus, MD 16,945 138 1.1x
Urbana, MD 12,841 149 1.2x
Linganore, MD 10,959 134 1.0x
Mount Airy, MD 9,621 133 1.0x
Taneytown, MD 7,183 111 0.9x
Thurmont, MD 6,247 115 0.9x

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