Arnold, MD Cost Of Living
Cost Of Living In Arnold, MD Summary
Cost of living in Arnold 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 Arnold 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 Arnold is 134, with 100 being the average.
The cost of living index in Arnold is 1.3x higher than the national average.
Arnold ranks as the #143 cheapest in Maryland out of 188.
Arnold ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Arnold is $455,100.
The median income in Arnold is $133,343.
Table Of Contents
Arnold's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Arnold, MD?
According to the most recent data on the cost of living, Arnold has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to Maryland, Arnold has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Arnold ranks as #143 most affordable out of the 188 places we measured in Maryland. By definition, that implies Arnold ranks as the #45 most expensive place in the Old Line State.
For more reading on life in Arnold, check out:
- Living In Arnold
- Search Homes For Sale In Arnold, MD
In Maryland
In America
Arnold Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Arnold. Here is how it fairs on each of the criteria:
The Services index in Arnold is 103.
The Groceries index in Arnold is 115.
The Health index in Arnold is 82.
The Housing index in Arnold is 207.
The Transportation index in Arnold is 102.
The Utilities index in Arnold is 106.
| Living Expense | Arnold | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 134 | 120 | 100 | |
| Services | 103 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 82 | 92 | 100 | |
| Housing | 207 | 156 | 100 | |
| Transportation | 102 | 100 | 100 | |
| Utilities | 106 | 108 | 100 | |
Arnold, 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 Arnold is $455,100.
The Median Rent in Arnold is $1,919.
The Median Income in Arnold is $133,343.
The Home Value To Income in Arnold is 3.4x.
The Rent To Monthly Income in Arnold is 0.17x.
| Statistic | Arnold | Maryland | United States |
|---|---|---|---|
| Median Home Value | $455,100 | $338,500 | $244,900 |
| Median Rent | $1,919 | $1,485 | $1,163 |
| Median Income | $133,343 | $91,431 | $69,021 |
| Home Value To Income | 3.4x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Arnold, MD Costs By Category
Detailed Arnold Services Costs Vs. Maryland
Detailed Arnold Groceries Costs Vs. Maryland
Detailed Arnold Health Costs Vs. Maryland
Detailed Arnold Transportation Costs Vs. Maryland
Detailed Arnold Utilities Costs Vs. Maryland
Arnold SnackAbility
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Cost Of Living In Cities Around Arnold
The cost of living varies in the cities and towns around Arnold. 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, 1.0x Arnold.
Annapolis, MD has a cost of living index of 129, 1.0x Arnold.
Severna Park, MD has a cost of living index of 146, 1.1x Arnold.
| City | Population | Cost Of Living | Vs. Arnold |
|---|---|---|---|
| Bowie, MD | 58,113 | 134 | 1.0x |
| Annapolis, MD | 40,581 | 129 | 1.0x |
| Severna Park, MD | 39,108 | 146 | 1.1x |
| Crofton, MD | 29,812 | 140 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.0x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Elkridge, MD | 24,115 | 127 | 0.9x |
| Lake Shore, MD | 19,388 | 127 | 0.9x |
| Parole, MD | 18,488 | 137 | 1.0x |
| Annapolis Neck, MD | 13,059 | 153 | 1.1x |
