Cost of living in Chillum 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 Chillum 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 Chillum is 122, with 100 being the average.
The cost of living index in Chillum is 1.2x higher than the national average.
Chillum ranks as the #92 cheapest in Maryland out of 188.
Chillum ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Chillum is $334,900.
The median income in Chillum is $65,462.
According to the most recent data on the cost of living, Chillum has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Maryland, Chillum has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Chillum ranks as #92 most affordable out of the 188 places we measured in Maryland. By definition, that implies Chillum ranks as the #96 most expensive place in the Old Line State.
For more reading on life in Chillum, check out:
Six factors go into calculating the cost of living index in Chillum. Here is how it fairs on each of the criteria:
The Services index in Chillum is 122.
The Groceries index in Chillum is 115.
The Health index in Chillum is 94.
The Housing index in Chillum is 130.
The Transportation index in Chillum is 105.
The Utilities index in Chillum is 114.
Living Expense | Chillum | Maryland | National Average | |
---|---|---|---|---|
Overall | 122 | 120 | 100 | |
Services | 122 | 109 | 100 | |
Groceries | 115 | 108 | 100 | |
Health | 94 | 92 | 100 | |
Housing | 130 | 156 | 100 | |
Transportation | 105 | 100 | 100 | |
Utilities | 114 | 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 Chillum is $334,900.
The Median Rent in Chillum is $1,571.
The Median Income in Chillum is $65,462.
The Home Value To Income in Chillum is 5.1x.
The Rent To Monthly Income in Chillum is 0.29x.
Statistic | Chillum | Maryland | United States |
---|---|---|---|
Median Home Value | $334,900 | $338,500 | $244,900 |
Median Rent | $1,571 | $1,485 | $1,163 |
Median Income | $65,462 | $91,431 | $69,021 |
Home Value To Income | 5.1x | 3.7x | 3.5x |
Rent To Monthly Income | 0.29x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Chillum. Here's a quick look at the cost of living in the most populous nearby places:
Olney, MD has a cost of living index of 150, 1.2x Chillum.
North Potomac, MD has a cost of living index of 167, 1.4x Chillum.
North Laurel, MD has a cost of living index of 129, 1.1x Chillum.
City | Population | Cost Of Living | Vs. Chillum |
---|---|---|---|
Olney, MD | 35,815 | 150 | 1.2x |
North Potomac, MD | 24,449 | 167 | 1.4x |
North Laurel, MD | 24,233 | 129 | 1.1x |
Hyattsville, MD | 20,790 | 123 | 1.0x |
Langley Park, MD | 20,769 | 119 | 1.0x |
Takoma Park, MD | 17,610 | 151 | 1.2x |
Adelphi, MD | 16,977 | 123 | 1.0x |
Kemp Mill, MD | 14,509 | 141 | 1.2x |
Colesville, MD | 14,468 | 140 | 1.1x |
Travilah, MD | 11,052 | 227 | 1.9x |