Cost of living in Friendly 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 Friendly 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 Friendly is 127, with 100 being the average.
The cost of living index in Friendly is 1.3x higher than the national average.
Friendly ranks as the #118 cheapest in Maryland out of 188.
Friendly ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Friendly is $357,300.
The median income in Friendly is $120,027.
According to the most recent data on the cost of living, Friendly has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Maryland, Friendly has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Friendly ranks as #118 most affordable out of the 188 places we measured in Maryland. By definition, that implies Friendly ranks as the #70 most expensive place in the Old Line State.
For more reading on life in Friendly, check out:
Six factors go into calculating the cost of living index in Friendly. Here is how it fairs on each of the criteria:
The Services index in Friendly is 105.
The Groceries index in Friendly is 122.
The Health index in Friendly is 104.
The Housing index in Friendly is 175.
The Transportation index in Friendly is 101.
The Utilities index in Friendly is 96.
Living Expense | Friendly | Maryland | National Average | |
---|---|---|---|---|
Overall | 127 | 120 | 100 | |
Services | 105 | 109 | 100 | |
Groceries | 122 | 108 | 100 | |
Health | 104 | 92 | 100 | |
Housing | 175 | 156 | 100 | |
Transportation | 101 | 100 | 100 | |
Utilities | 96 | 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 Friendly is $357,300.
The Median Rent in Friendly is $2,306.
The Median Income in Friendly is $120,027.
The Home Value To Income in Friendly is 3.0x.
The Rent To Monthly Income in Friendly is 0.23x.
Statistic | Friendly | Maryland | United States |
---|---|---|---|
Median Home Value | $357,300 | $338,500 | $244,900 |
Median Rent | $2,306 | $1,485 | $1,163 |
Median Income | $120,027 | $91,431 | $69,021 |
Home Value To Income | 3.0x | 3.7x | 3.5x |
Rent To Monthly Income | 0.23x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Friendly. Here's a quick look at the cost of living in the most populous nearby places:
Bethesda, MD has a cost of living index of 192, 1.5x Friendly.
Clinton, MD has a cost of living index of 125, 1.0x Friendly.
Fort Washington, MD has a cost of living index of 125, 1.0x Friendly.
City | Population | Cost Of Living | Vs. Friendly |
---|---|---|---|
Bethesda, MD | 66,294 | 192 | 1.5x |
Clinton, MD | 39,925 | 125 | 1.0x |
Fort Washington, MD | 25,840 | 125 | 1.0x |
Camp Springs, MD | 22,903 | 117 | 0.9x |
Oxon Hill, MD | 18,763 | 115 | 0.9x |
Glassmanor, MD | 17,426 | 109 | 0.9x |
Kemp Mill, MD | 14,509 | 141 | 1.1x |
Chevy Chase, MD | 9,889 | 204 | 1.6x |
Temple Hills, MD | 9,037 | 115 | 0.9x |
North Kensington, MD | 8,771 | 141 | 1.1x |