Chesapeake Ranch Estates, MD Cost Of Living
Cost Of Living In Chesapeake Ranch Estates, MD Summary
Cost of living in Chesapeake Ranch Estates 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 Chesapeake Ranch Estates 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 Chesapeake Ranch Estates is 114, with 100 being the average.
The cost of living index in Chesapeake Ranch Estates is 1.1x higher than the national average.
Chesapeake Ranch Estates ranks as the #52 cheapest in Maryland out of 188.
Chesapeake Ranch Estates ranks as the #4,427 cheapest out of 6,412 in the US.
The median home value in Chesapeake Ranch Estates is $242,000.
The median income in Chesapeake Ranch Estates is $94,983.
Table Of Contents
Chesapeake Ranch Estates's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chesapeake Ranch Estates, MD?
According to the most recent data on the cost of living, Chesapeake Ranch Estates has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Maryland, Chesapeake Ranch Estates has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Chesapeake Ranch Estates ranks as #52 most affordable out of the 188 places we measured in Maryland. By definition, that implies Chesapeake Ranch Estates ranks as the #136 most expensive place in the Old Line State.
For more reading on life in Chesapeake Ranch Estates, check out:
- Living In Chesapeake Ranch Estates
- Search Homes For Sale In Chesapeake Ranch Estates, MD
In Maryland
In America
Chesapeake Ranch Estates Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Chesapeake Ranch Estates. Here is how it fairs on each of the criteria:
The Services index in Chesapeake Ranch Estates is 105.
The Groceries index in Chesapeake Ranch Estates is 119.
The Health index in Chesapeake Ranch Estates is 105.
The Housing index in Chesapeake Ranch Estates is 128.
The Transportation index in Chesapeake Ranch Estates is 104.
The Utilities index in Chesapeake Ranch Estates is 95.
| Living Expense | Chesapeake Ranch Estates | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 114 | 120 | 100 | |
| Services | 105 | 109 | 100 | |
| Groceries | 119 | 108 | 100 | |
| Health | 105 | 92 | 100 | |
| Housing | 128 | 156 | 100 | |
| Transportation | 104 | 100 | 100 | |
| Utilities | 95 | 108 | 100 | |
Chesapeake Ranch Estates, 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 Chesapeake Ranch Estates is $242,000.
The Median Rent in Chesapeake Ranch Estates is $1,633.
The Median Income in Chesapeake Ranch Estates is $94,983.
The Home Value To Income in Chesapeake Ranch Estates is 2.5x.
The Rent To Monthly Income in Chesapeake Ranch Estates is 0.21x.
| Statistic | Chesapeake Ranch Estates | Maryland | United States |
|---|---|---|---|
| Median Home Value | $242,000 | $338,500 | $244,900 |
| Median Rent | $1,633 | $1,485 | $1,163 |
| Median Income | $94,983 | $91,431 | $69,021 |
| Home Value To Income | 2.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Chesapeake Ranch Estates, MD Costs By Category
Detailed Chesapeake Ranch Estates Services Costs Vs. Maryland
| Item | Chesapeake Ranch Estates | Maryland |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.45 | $10.68 |
| Bowling | $19.83 | $14.67 |
| Haircut | $25.56 | $18.62 |
| Beauty Salon | $56.94 | $39.05 |
Detailed Chesapeake Ranch Estates Groceries Costs Vs. Maryland
| Item | Chesapeake Ranch Estates | Maryland |
|---|---|---|
| Ground Beef | $4.79 | $4.22 |
| Fried Chicken | $1.62 | $1.39 |
| Milk | $2.58 | $2.05 |
| Potatoes | $4.21 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $10.66 | $9.38 |
| Toothpaste | $3.52 | $2.34 |
Detailed Chesapeake Ranch Estates Health Costs Vs. Maryland
| Item | Chesapeake Ranch Estates | Maryland |
|---|---|---|
| Optometrist | $104.67 | $108.57 |
| Doctor | $128.0 | $116.17 |
| Dentist | $103.17 | $99.13 |
Detailed Chesapeake Ranch Estates Transportation Costs Vs. Maryland
| Item | Chesapeake Ranch Estates | Maryland |
|---|---|---|
| Gasoline | $2.24 | $2.22 |
| Tire Balancing | $51.0 | $50.07 |
Detailed Chesapeake Ranch Estates Utilities Costs Vs. Maryland
| Item | Chesapeake Ranch Estates | Maryland |
|---|---|---|
| All Electricity | $160.85 | $167.67 |
| Phone | $177.97 | $175.64 |
Chesapeake Ranch Estates SnackAbility
/10
Cost Of Living In Cities Around Chesapeake Ranch Estates
The cost of living varies in the cities and towns around Chesapeake Ranch Estates. Here's a quick look at the cost of living in the most populous nearby places:
Alexandria, VA has a cost of living index of 150, 1.3x Chesapeake Ranch Estates.
Bowie, MD has a cost of living index of 134, 1.2x Chesapeake Ranch Estates.
Crofton, MD has a cost of living index of 140, 1.2x Chesapeake Ranch Estates.
| City | Population | Cost Of Living | Vs. Chesapeake Ranch Estates |
|---|---|---|---|
| Alexandria, VA | 158,185 | 150 | 1.3x |
| Bowie, MD | 58,113 | 134 | 1.2x |
| Crofton, MD | 29,812 | 140 | 1.2x |
| Arnold, MD | 25,056 | 134 | 1.2x |
| Kingstowne, VA | 18,369 | 143 | 1.3x |
| Franconia, VA | 18,310 | 142 | 1.2x |
| Fort Hunt, VA | 16,322 | 180 | 1.6x |
| California, MD | 14,129 | 121 | 1.1x |
| Annapolis Neck, MD | 13,059 | 153 | 1.3x |
| Lexington Park, MD | 12,681 | 111 | 1.0x |
