Aspen Hill, MD Cost Of Living
Cost Of Living In Aspen Hill, MD Summary
Cost of living in Aspen Hill 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 Aspen Hill 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 Aspen Hill is 140, with 100 being the average.
The cost of living index in Aspen Hill is 1.4x higher than the national average.
Aspen Hill ranks as the #157 cheapest in Maryland out of 188.
Aspen Hill ranks as the #5,578 cheapest out of 6,412 in the US.
The median home value in Aspen Hill is $439,800.
The median income in Aspen Hill is $96,773.
Table Of Contents
Aspen Hill's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Aspen Hill, MD?
According to the most recent data on the cost of living, Aspen Hill has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to Maryland, Aspen Hill has a cost of living index that's 1.2x higher than Maryland's index of 120.
The standard of living in Aspen Hill ranks as #157 most affordable out of the 188 places we measured in Maryland. By definition, that implies Aspen Hill ranks as the #31 most expensive place in the Old Line State.
For more reading on life in Aspen Hill, check out:
- Living In Aspen Hill
- Search Homes For Sale In Aspen Hill, MD
In Maryland
In America
Aspen Hill Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Aspen Hill. Here is how it fairs on each of the criteria:
The Services index in Aspen Hill is 117.
The Groceries index in Aspen Hill is 115.
The Health index in Aspen Hill is 88.
The Housing index in Aspen Hill is 202.
The Transportation index in Aspen Hill is 116.
The Utilities index in Aspen Hill is 111.
| Living Expense | Aspen Hill | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 140 | 120 | 100 | |
| Services | 117 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 88 | 92 | 100 | |
| Housing | 202 | 156 | 100 | |
| Transportation | 116 | 100 | 100 | |
| Utilities | 111 | 108 | 100 | |
Aspen Hill, 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 Aspen Hill is $439,800.
The Median Rent in Aspen Hill is $1,784.
The Median Income in Aspen Hill is $96,773.
The Home Value To Income in Aspen Hill is 4.5x.
The Rent To Monthly Income in Aspen Hill is 0.22x.
| Statistic | Aspen Hill | Maryland | United States |
|---|---|---|---|
| Median Home Value | $439,800 | $338,500 | $244,900 |
| Median Rent | $1,784 | $1,485 | $1,163 |
| Median Income | $96,773 | $91,431 | $69,021 |
| Home Value To Income | 4.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Aspen Hill, MD Costs By Category
Detailed Aspen Hill Services Costs Vs. Maryland
| Item | Aspen Hill | 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 Aspen Hill Groceries Costs Vs. Maryland
| Item | Aspen Hill | 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 Aspen Hill Health Costs Vs. Maryland
| Item | Aspen Hill | Maryland |
|---|---|---|
| Optometrist | $75.0 | $108.57 |
| Doctor | $97.0 | $116.17 |
| Dentist | $87.0 | $99.13 |
Detailed Aspen Hill Transportation Costs Vs. Maryland
| Item | Aspen Hill | Maryland |
|---|---|---|
| Gasoline | $2.44 | $2.22 |
| Tire Balancing | $62.0 | $50.07 |
Detailed Aspen Hill Utilities Costs Vs. Maryland
| Item | Aspen Hill | Maryland |
|---|---|---|
| All Electricity | $193.98 | $167.67 |
| Phone | $190.63 | $175.64 |
Aspen Hill SnackAbility
/10
Cost Of Living In Cities Around Aspen Hill
The cost of living varies in the cities and towns around Aspen Hill. 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, 1.1x Aspen Hill.
Wheaton, MD has a cost of living index of 132, 0.9x Aspen Hill.
Olney, MD has a cost of living index of 150, 1.1x Aspen Hill.
| City | Population | Cost Of Living | Vs. Aspen Hill |
|---|---|---|---|
| Rockville, MD | 67,095 | 154 | 1.1x |
| Wheaton, MD | 51,836 | 132 | 0.9x |
| Olney, MD | 35,815 | 150 | 1.1x |
| Ilchester, MD | 27,513 | 133 | 0.9x |
| North Potomac, MD | 24,449 | 167 | 1.2x |
| North Laurel, MD | 24,233 | 129 | 0.9x |
| Redland, MD | 17,965 | 140 | 1.0x |
| Glenmont, MD | 15,795 | 139 | 1.0x |
| Kemp Mill, MD | 14,509 | 141 | 1.0x |
| Colesville, MD | 14,468 | 140 | 1.0x |
