Carney, MD Cost Of Living
Cost Of Living In Carney, MD Summary
Cost of living in Carney 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 Carney 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 Carney is 114, with 100 being the average.
The cost of living index in Carney is 1.1x higher than the national average.
Carney ranks as the #52 cheapest in Maryland out of 188.
Carney ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Carney is $248,800.
The median income in Carney is $70,403.
Table Of Contents
Carney's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Carney, MD?
According to the most recent data on the cost of living, Carney has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Maryland, Carney has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Carney ranks as #52 most affordable out of the 188 places we measured in Maryland. By definition, that implies Carney ranks as the #136 most expensive place in the Old Line State.
For more reading on life in Carney, check out:
- Living In Carney
- Search Homes For Sale In Carney, MD
In Maryland
In America
Carney Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Carney. Here is how it fairs on each of the criteria:
The Services index in Carney is 105.
The Groceries index in Carney is 113.
The Health index in Carney is 82.
The Housing index in Carney is 131.
The Transportation index in Carney is 101.
The Utilities index in Carney is 107.
| Living Expense | Carney | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 114 | 120 | 100 | |
| Services | 105 | 109 | 100 | |
| Groceries | 113 | 108 | 100 | |
| Health | 82 | 92 | 100 | |
| Housing | 131 | 156 | 100 | |
| Transportation | 101 | 100 | 100 | |
| Utilities | 107 | 108 | 100 | |
Carney, 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 Carney is $248,800.
The Median Rent in Carney is $1,566.
The Median Income in Carney is $70,403.
The Home Value To Income in Carney is 3.5x.
The Rent To Monthly Income in Carney is 0.27x.
| Statistic | Carney | Maryland | United States |
|---|---|---|---|
| Median Home Value | $248,800 | $338,500 | $244,900 |
| Median Rent | $1,566 | $1,485 | $1,163 |
| Median Income | $70,403 | $91,431 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Carney, MD Costs By Category
Detailed Carney Services Costs Vs. Maryland
Detailed Carney Groceries Costs Vs. Maryland
Detailed Carney Health Costs Vs. Maryland
Detailed Carney Transportation Costs Vs. Maryland
Detailed Carney Utilities Costs Vs. Maryland
Carney SnackAbility
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Cost Of Living In Cities Around Carney
The cost of living varies in the cities and towns around Carney. Here's a quick look at the cost of living in the most populous nearby places:
Towson, MD has a cost of living index of 123, 1.1x Carney.
Bel Air South, MD has a cost of living index of 115, 1.0x Carney.
Pasadena, MD has a cost of living index of 122, 1.1x Carney.
| City | Population | Cost Of Living | Vs. Carney |
|---|---|---|---|
| Towson, MD | 59,014 | 123 | 1.1x |
| Bel Air South, MD | 56,928 | 115 | 1.0x |
| Pasadena, MD | 31,583 | 122 | 1.1x |
| Bel Air North, MD | 30,969 | 124 | 1.1x |
| Parkville, MD | 30,783 | 107 | 0.9x |
| Perry Hall, MD | 29,165 | 114 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.2x |
| Elkridge, MD | 24,115 | 127 | 1.1x |
| Rosedale, MD | 20,296 | 105 | 0.9x |
| Rossville, MD | 15,633 | 110 | 1.0x |
