Frederick, MD Cost Of Living
Cost Of Living In Frederick, MD Summary
Cost of living in Frederick 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 Frederick 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 Frederick is 116, with 100 being the average.
The cost of living index in Frederick is 1.2x higher than the national average.
Frederick ranks as the #65 cheapest in Maryland out of 188.
Frederick ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Frederick is $289,000.
The median income in Frederick is $82,563.
Table Of Contents
Frederick's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Frederick, MD?
According to the most recent data on the cost of living, Frederick has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Maryland, Frederick has a cost of living index that's 1.0x lower than Maryland's index of 120.
The standard of living in Frederick ranks as #65 most affordable out of the 188 places we measured in Maryland. By definition, that implies Frederick ranks as the #123 most expensive place in the Old Line State.
For more reading on life in Frederick, check out:
- Living In Frederick
- Frederick Crime Report
- Search Homes For Sale In Frederick, MD
In Maryland
In America
Frederick Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Frederick. Here is how it fairs on each of the criteria:
The Services index in Frederick is 114.
The Groceries index in Frederick is 114.
The Health index in Frederick is 88.
The Housing index in Frederick is 134.
The Transportation index in Frederick is 114.
The Utilities index in Frederick is 109.
| Living Expense | Frederick | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 116 | 120 | 100 | |
| Services | 114 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 88 | 92 | 100 | |
| Housing | 134 | 156 | 100 | |
| Transportation | 114 | 100 | 100 | |
| Utilities | 109 | 108 | 100 | |
Frederick, 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 Frederick is $289,000.
The Median Rent in Frederick is $1,478.
The Median Income in Frederick is $82,563.
The Home Value To Income in Frederick is 3.5x.
The Rent To Monthly Income in Frederick is 0.21x.
| Statistic | Frederick | Maryland | United States |
|---|---|---|---|
| Median Home Value | $289,000 | $338,500 | $244,900 |
| Median Rent | $1,478 | $1,485 | $1,163 |
| Median Income | $82,563 | $91,431 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Frederick, MD Costs By Category
Detailed Frederick Services Costs Vs. Maryland
Detailed Frederick Groceries Costs Vs. Maryland
Detailed Frederick Health Costs Vs. Maryland
Detailed Frederick Transportation Costs Vs. Maryland
Detailed Frederick Utilities Costs Vs. Maryland
Frederick SnackAbility
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Cost Of Living In Cities Around Frederick
The cost of living varies in the cities and towns around Frederick. Here's a quick look at the cost of living in the most populous nearby places:
Salina, KS has a cost of living index of 83, 0.7x Frederick.
Hutchinson, KS has a cost of living index of 84, 0.7x Frederick.
Great Bend, KS has a cost of living index of 85, 0.7x Frederick.
| City | Population | Cost Of Living | Vs. Frederick |
|---|---|---|---|
| Salina, KS | 46,896 | 83 | 0.7x |
| Hutchinson, KS | 40,202 | 84 | 0.7x |
| Great Bend, KS | 14,864 | 85 | 0.7x |
| McPherson, KS | 13,916 | 92 | 0.8x |
