Fort Meade, MD Cost Of Living
Cost Of Living In Fort Meade, MD Summary
Cost of living in Fort Meade 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 Fort Meade 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 Fort Meade is 120, with 100 being the average.
The cost of living index in Fort Meade is 1.2x higher than the national average.
Fort Meade ranks as the #82 cheapest in Maryland out of 188.
Fort Meade ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Fort Meade is $416,700.
The median income in Fort Meade is $92,603.
Table Of Contents
Fort Meade's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fort Meade, MD?
According to the most recent data on the cost of living, Fort Meade has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Maryland, Fort Meade has a cost of living index that's 1.0x lower than Maryland's index of 120.
The standard of living in Fort Meade ranks as #82 most affordable out of the 188 places we measured in Maryland. By definition, that implies Fort Meade ranks as the #106 most expensive place in the Old Line State.
For more reading on life in Fort Meade, check out:
- Living In Fort Meade
- Search Homes For Sale In Fort Meade, MD
In Maryland
In America
Fort Meade Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Fort Meade. Here is how it fairs on each of the criteria:
The Services index in Fort Meade is 106.
The Groceries index in Fort Meade is 114.
The Health index in Fort Meade is 84.
The Housing index in Fort Meade is 151.
The Transportation index in Fort Meade is 103.
The Utilities index in Fort Meade is 103.
| Living Expense | Fort Meade | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 120 | 120 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 84 | 92 | 100 | |
| Housing | 151 | 156 | 100 | |
| Transportation | 103 | 100 | 100 | |
| Utilities | 103 | 108 | 100 | |
Fort Meade, 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 Fort Meade is $416,700.
The Median Rent in Fort Meade is $2,230.
The Median Income in Fort Meade is $92,603.
The Home Value To Income in Fort Meade is 4.5x.
The Rent To Monthly Income in Fort Meade is 0.29x.
| Statistic | Fort Meade | Maryland | United States |
|---|---|---|---|
| Median Home Value | $416,700 | $338,500 | $244,900 |
| Median Rent | $2,230 | $1,485 | $1,163 |
| Median Income | $92,603 | $91,431 | $69,021 |
| Home Value To Income | 4.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.29x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Fort Meade, MD Costs By Category
Detailed Fort Meade Services Costs Vs. Maryland
| Item | Fort Meade | 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 |
Detailed Fort Meade Groceries Costs Vs. Maryland
| Item | Fort Meade | 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 |
Detailed Fort Meade Health Costs Vs. Maryland
| Item | Fort Meade | Maryland |
|---|---|---|
| Optometrist | $82.95 | $108.57 |
| Doctor | $93.69 | $116.17 |
| Dentist | $84.98 | $99.13 |
Detailed Fort Meade Transportation Costs Vs. Maryland
| Item | Fort Meade | Maryland |
|---|---|---|
| Gasoline | $2.15 | $2.22 |
| Tire Balancing | $54.77 | $50.07 |
Detailed Fort Meade Utilities Costs Vs. Maryland
| Item | Fort Meade | Maryland |
|---|---|---|
| All Electricity | $176.72 | $167.67 |
| Phone | $192.13 | $175.64 |
Fort Meade SnackAbility
/10
Cost Of Living In Cities Around Fort Meade
The cost of living varies in the cities and towns around Fort Meade. Here's a quick look at the cost of living in the most populous nearby places:
Severn, MD has a cost of living index of 127, 1.1x Fort Meade.
Odenton, MD has a cost of living index of 123, 1.0x Fort Meade.
Olney, MD has a cost of living index of 150, 1.2x Fort Meade.
| City | Population | Cost Of Living | Vs. Fort Meade |
|---|---|---|---|
| Severn, MD | 53,955 | 127 | 1.1x |
| Odenton, MD | 43,488 | 123 | 1.0x |
| Olney, MD | 35,815 | 150 | 1.2x |
| Laurel, MD | 29,438 | 122 | 1.0x |
| South Laurel, MD | 27,998 | 130 | 1.1x |
| Ilchester, MD | 27,513 | 133 | 1.1x |
| North Laurel, MD | 24,233 | 129 | 1.1x |
| Elkridge, MD | 24,115 | 127 | 1.1x |
| Kemp Mill, MD | 14,509 | 141 | 1.2x |
| Colesville, MD | 14,468 | 140 | 1.2x |
