Thurmont, MD Cost Of Living
Cost Of Living In Thurmont, MD Summary
Cost of living in Thurmont 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 Thurmont 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 Thurmont is 115, with 100 being the average.
The cost of living index in Thurmont is 1.1x higher than the national average.
Thurmont ranks as the #58 cheapest in Maryland out of 188.
Thurmont ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Thurmont is $284,800.
The median income in Thurmont is $82,098.
Table Of Contents
Thurmont's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Thurmont, MD?
According to the most recent data on the cost of living, Thurmont has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Maryland, Thurmont has a cost of living index that's 1.0x lower than Maryland's index of 120.
The standard of living in Thurmont ranks as #58 most affordable out of the 188 places we measured in Maryland. By definition, that implies Thurmont ranks as the #130 most expensive place in the Old Line State.
For more reading on life in Thurmont, check out:
- Living In Thurmont
- Thurmont Crime Report
- Search Homes For Sale In Thurmont, MD
In Maryland
In America
Thurmont Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Thurmont. Here is how it fairs on each of the criteria:
The Services index in Thurmont is 114.
The Groceries index in Thurmont is 115.
The Health index in Thurmont is 89.
The Housing index in Thurmont is 117.
The Transportation index in Thurmont is 116.
The Utilities index in Thurmont is 111.
| Living Expense | Thurmont | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 115 | 120 | 100 | |
| Services | 114 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 89 | 92 | 100 | |
| Housing | 117 | 156 | 100 | |
| Transportation | 116 | 100 | 100 | |
| Utilities | 111 | 108 | 100 | |
Thurmont, 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 Thurmont is $284,800.
The Median Rent in Thurmont is $1,093.
The Median Income in Thurmont is $82,098.
The Home Value To Income in Thurmont is 3.5x.
The Rent To Monthly Income in Thurmont is 0.16x.
| Statistic | Thurmont | Maryland | United States |
|---|---|---|---|
| Median Home Value | $284,800 | $338,500 | $244,900 |
| Median Rent | $1,093 | $1,485 | $1,163 |
| Median Income | $82,098 | $91,431 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Thurmont, MD Costs By Category
Detailed Thurmont Services Costs Vs. Maryland
Detailed Thurmont Groceries Costs Vs. Maryland
Detailed Thurmont Health Costs Vs. Maryland
Detailed Thurmont Transportation Costs Vs. Maryland
Detailed Thurmont Utilities Costs Vs. Maryland
Thurmont SnackAbility
/10
Cost Of Living In Cities Around Thurmont
The cost of living varies in the cities and towns around Thurmont. Here's a quick look at the cost of living in the most populous nearby places:
Frederick, MD has a cost of living index of 116, 1.0x Thurmont.
Ballenger Creek, MD has a cost of living index of 119, 1.0x Thurmont.
Linganore, MD has a cost of living index of 134, 1.2x Thurmont.
| City | Population | Cost Of Living | Vs. Thurmont |
|---|---|---|---|
| Frederick, MD | 76,376 | 116 | 1.0x |
| Ballenger Creek, MD | 23,114 | 119 | 1.0x |
| Linganore, MD | 10,959 | 134 | 1.2x |
| Waynesboro, PA | 10,871 | 92 | 0.8x |
| Halfway, MD | 10,259 | 94 | 0.8x |
| Robinwood, MD | 7,662 | 113 | 1.0x |
| Taneytown, MD | 7,183 | 111 | 1.0x |
| Walkersville, MD | 6,134 | 125 | 1.1x |
| Fountainhead-Orchard Hills, MD | 6,113 | 109 | 0.9x |
| Spring Ridge, MD | 5,827 | 129 | 1.1x |
