Cost of living in Bel Air South 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 South 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 South is 115, with 100 being the average.
The cost of living index in Bel Air South is 1.1x higher than the national average.
Bel Air South ranks as the #58 cheapest in Maryland out of 188.
Bel Air South ranks as the #4,492 cheapest out of 6,412 in the US.
The median home value in Bel Air South is $326,900.
The median income in Bel Air South is $106,126.
According to the most recent data on the cost of living, Bel Air South has an overall cost of living index of 115, which is 1.1x higher than the national index of 100.
Compared to Maryland, Bel Air South has a cost of living index that's 1.0x lower than Maryland's index of 120.
The standard of living in Bel Air South ranks as #58 most affordable out of the 188 places we measured in Maryland. By definition, that implies Bel Air South ranks as the #130 most expensive place in the Old Line State.
For more reading on life in Bel Air South, check out:
Six factors go into calculating the cost of living index in Bel Air South. Here is how it fairs on each of the criteria:
The Services index in Bel Air South is 103.
The Groceries index in Bel Air South is 111.
The Health index in Bel Air South is 83.
The Housing index in Bel Air South is 144.
The Transportation index in Bel Air South is 102.
The Utilities index in Bel Air South is 104.
Living Expense | Bel Air South | Maryland | National Average | |
---|---|---|---|---|
Overall | 115 | 120 | 100 | |
Services | 103 | 109 | 100 | |
Groceries | 111 | 108 | 100 | |
Health | 83 | 92 | 100 | |
Housing | 144 | 156 | 100 | |
Transportation | 102 | 100 | 100 | |
Utilities | 104 | 108 | 100 |
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 South is $326,900.
The Median Rent in Bel Air South is $1,407.
The Median Income in Bel Air South is $106,126.
The Home Value To Income in Bel Air South is 3.1x.
The Rent To Monthly Income in Bel Air South is 0.16x.
Statistic | Bel Air South | Maryland | United States |
---|---|---|---|
Median Home Value | $326,900 | $338,500 | $244,900 |
Median Rent | $1,407 | $1,485 | $1,163 |
Median Income | $106,126 | $91,431 | $69,021 |
Home Value To Income | 3.1x | 3.7x | 3.5x |
Rent To Monthly Income | 0.16x | 0.19x | 0.2x |
Item | Bel Air South | Maryland |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $13.19 | $10.68 |
Bowling | $17.08 | $14.67 |
Haircut | $22.28 | $18.62 |
Beauty Salon | $52.83 | $39.05 |
Item | Bel Air South | Maryland |
---|---|---|
Ground Beef | $4.27 | $4.22 |
Fried Chicken | $1.66 | $1.39 |
Milk | $2.39 | $2.05 |
Potatoes | $4.1 | $3.29 |
Pizza | $11.99 | $10.62 |
Beer | $9.19 | $9.38 |
Toothpaste | $4.47 | $2.34 |
Item | Bel Air South | Maryland |
---|---|---|
Optometrist | $82.95 | $108.57 |
Doctor | $93.69 | $116.17 |
Dentist | $84.98 | $99.13 |
Item | Bel Air South | Maryland |
---|---|---|
Gasoline | $2.15 | $2.22 |
Tire Balancing | $54.77 | $50.07 |
Item | Bel Air South | Maryland |
---|---|---|
All Electricity | $176.72 | $167.67 |
Phone | $192.13 | $175.64 |
The cost of living varies in the cities and towns around Bel Air South. Here's a quick look at the cost of living in the most populous nearby places:
Bel Air North, MD has a cost of living index of 124, 1.1x Bel Air South.
Perry Hall, MD has a cost of living index of 114, 1.0x Bel Air South.
Edgewood, MD has a cost of living index of 103, 0.9x Bel Air South.
City | Population | Cost Of Living | Vs. Bel Air South |
---|---|---|---|
Bel Air North, MD | 30,969 | 124 | 1.1x |
Perry Hall, MD | 29,165 | 114 | 1.0x |
Edgewood, MD | 25,004 | 103 | 0.9x |
Aberdeen, MD | 16,176 | 104 | 0.9x |
Joppatowne, MD | 12,992 | 114 | 1.0x |
Mays Chapel, MD | 12,428 | 130 | 1.1x |
Timonium, MD | 11,136 | 133 | 1.2x |
Fallston, MD | 9,696 | 128 | 1.1x |
Lutherville, MD | 6,755 | 122 | 1.1x |
Riverside, MD | 6,193 | 110 | 1.0x |