Fairland, MD Cost Of Living
Cost Of Living In Fairland, MD Summary
Cost of living in Fairland 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 Fairland 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 Fairland is 129, with 100 being the average.
The cost of living index in Fairland is 1.3x higher than the national average.
Fairland ranks as the #126 cheapest in Maryland out of 188.
Fairland ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in Fairland is $371,400.
The median income in Fairland is $85,565.
Table Of Contents
Fairland's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fairland, MD?
According to the most recent data on the cost of living, Fairland has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to Maryland, Fairland has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Fairland ranks as #126 most affordable out of the 188 places we measured in Maryland. By definition, that implies Fairland ranks as the #62 most expensive place in the Old Line State.
For more reading on life in Fairland, check out:
- Living In Fairland
- Search Homes For Sale In Fairland, MD
In Maryland
In America
Fairland Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Fairland. Here is how it fairs on each of the criteria:
The Services index in Fairland is 113.
The Groceries index in Fairland is 115.
The Health index in Fairland is 88.
The Housing index in Fairland is 162.
The Transportation index in Fairland is 114.
The Utilities index in Fairland is 113.
| Living Expense | Fairland | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 129 | 120 | 100 | |
| Services | 113 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 88 | 92 | 100 | |
| Housing | 162 | 156 | 100 | |
| Transportation | 114 | 100 | 100 | |
| Utilities | 113 | 108 | 100 | |
Fairland, 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 Fairland is $371,400.
The Median Rent in Fairland is $1,773.
The Median Income in Fairland is $85,565.
The Home Value To Income in Fairland is 4.3x.
The Rent To Monthly Income in Fairland is 0.25x.
| Statistic | Fairland | Maryland | United States |
|---|---|---|---|
| Median Home Value | $371,400 | $338,500 | $244,900 |
| Median Rent | $1,773 | $1,485 | $1,163 |
| Median Income | $85,565 | $91,431 | $69,021 |
| Home Value To Income | 4.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Fairland, MD Costs By Category
Detailed Fairland Services Costs Vs. Maryland
Detailed Fairland Groceries Costs Vs. Maryland
Detailed Fairland Health Costs Vs. Maryland
Detailed Fairland Transportation Costs Vs. Maryland
Detailed Fairland Utilities Costs Vs. Maryland
Fairland SnackAbility
/10
Cost Of Living In Cities Around Fairland
The cost of living varies in the cities and towns around Fairland. 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 Fairland.
Ilchester, MD has a cost of living index of 133, 1.0x Fairland.
North Potomac, MD has a cost of living index of 167, 1.3x Fairland.
| City | Population | Cost Of Living | Vs. Fairland |
|---|---|---|---|
| Olney, MD | 35,815 | 150 | 1.2x |
| Ilchester, MD | 27,513 | 133 | 1.0x |
| North Potomac, MD | 24,449 | 167 | 1.3x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Beltsville, MD | 18,769 | 124 | 1.0x |
| Calverton, MD | 17,772 | 135 | 1.0x |
| Cloverly, MD | 16,473 | 146 | 1.1x |
| White Oak, MD | 14,711 | 137 | 1.1x |
| Kemp Mill, MD | 14,509 | 141 | 1.1x |
| Colesville, MD | 14,468 | 140 | 1.1x |
