Bel Air, MD Cost Of Living
Cost Of Living In Bel Air, MD Summary
Cost of living in Bel Air 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 Bel Air 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 Bel Air is 109, with 100 being the average.
The cost of living index in Bel Air is 1.1x higher than the national average.
Bel Air ranks as the #28 cheapest in Maryland out of 188.
Bel Air ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Bel Air is $256,700.
The median income in Bel Air is $64,036.
Table Of Contents
Bel Air's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Bel Air, MD?
According to the most recent data on the cost of living, Bel Air has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Maryland, Bel Air has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Bel Air ranks as #28 most affordable out of the 188 places we measured in Maryland. By definition, that implies Bel Air ranks as the #160 most expensive place in the Old Line State.
For more reading on life in Bel Air, check out:
- Living In Bel Air
- Bel Air Crime Report
- Search Homes For Sale In Bel Air, MD
In Maryland
In America
Bel Air Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Bel Air. Here is how it fairs on each of the criteria:
The Services index in Bel Air is 107.
The Groceries index in Bel Air is 111.
The Health index in Bel Air is 86.
The Housing index in Bel Air is 129.
The Transportation index in Bel Air is 102.
The Utilities index in Bel Air is 103.
| Living Expense | Bel Air | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 109 | 120 | 100 | |
| Services | 107 | 109 | 100 | |
| Groceries | 111 | 108 | 100 | |
| Health | 86 | 92 | 100 | |
| Housing | 129 | 156 | 100 | |
| Transportation | 102 | 100 | 100 | |
| Utilities | 103 | 108 | 100 | |
Bel Air, 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 Bel Air is $256,700.
The Median Rent in Bel Air is $1,312.
The Median Income in Bel Air is $64,036.
The Home Value To Income in Bel Air is 4.0x.
The Rent To Monthly Income in Bel Air is 0.25x.
| Statistic | Bel Air | Maryland | United States |
|---|---|---|---|
| Median Home Value | $256,700 | $338,500 | $244,900 |
| Median Rent | $1,312 | $1,485 | $1,163 |
| Median Income | $64,036 | $91,431 | $69,021 |
| Home Value To Income | 4.0x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Bel Air, MD Costs By Category
Detailed Bel Air Services Costs Vs. Maryland
Detailed Bel Air Groceries Costs Vs. Maryland
Detailed Bel Air Health Costs Vs. Maryland
Detailed Bel Air Transportation Costs Vs. Maryland
Detailed Bel Air Utilities Costs Vs. Maryland
Bel Air SnackAbility
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