Garrison, MD Cost Of Living
Cost Of Living In Garrison, MD Summary
Cost of living in Garrison 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 Garrison 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 Garrison is 111, with 100 being the average.
The cost of living index in Garrison is 1.1x higher than the national average.
Garrison ranks as the #38 cheapest in Maryland out of 188.
Garrison ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Garrison is $291,000.
The median income in Garrison is $92,639.
Table Of Contents
Garrison's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Garrison, MD?
According to the most recent data on the cost of living, Garrison has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Maryland, Garrison has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Garrison ranks as #38 most affordable out of the 188 places we measured in Maryland. By definition, that implies Garrison ranks as the #150 most expensive place in the Old Line State.
For more reading on life in Garrison, check out:
- Living In Garrison
- Search Homes For Sale In Garrison, MD
In Maryland
In America
Garrison Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Garrison. Here is how it fairs on each of the criteria:
The Services index in Garrison is 103.
The Groceries index in Garrison is 114.
The Health index in Garrison is 86.
The Housing index in Garrison is 131.
The Transportation index in Garrison is 103.
The Utilities index in Garrison is 104.
| Living Expense | Garrison | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 111 | 120 | 100 | |
| Services | 103 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 86 | 92 | 100 | |
| Housing | 131 | 156 | 100 | |
| Transportation | 103 | 100 | 100 | |
| Utilities | 104 | 108 | 100 | |
Garrison, 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 Garrison is $291,000.
The Median Rent in Garrison is $1,738.
The Median Income in Garrison is $92,639.
The Home Value To Income in Garrison is 3.1x.
The Rent To Monthly Income in Garrison is 0.23x.
| Statistic | Garrison | Maryland | United States |
|---|---|---|---|
| Median Home Value | $291,000 | $338,500 | $244,900 |
| Median Rent | $1,738 | $1,485 | $1,163 |
| Median Income | $92,639 | $91,431 | $69,021 |
| Home Value To Income | 3.1x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Garrison, MD Costs By Category
Detailed Garrison Services Costs Vs. Maryland
Detailed Garrison Groceries Costs Vs. Maryland
Detailed Garrison Health Costs Vs. Maryland
Detailed Garrison Transportation Costs Vs. Maryland
Detailed Garrison Utilities Costs Vs. Maryland
Garrison SnackAbility
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Cost Of Living In Cities Around Garrison
The cost of living varies in the cities and towns around Garrison. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, MD has a cost of living index of 129, 1.2x Garrison.
Towson, MD has a cost of living index of 123, 1.1x Garrison.
Severn, MD has a cost of living index of 127, 1.1x Garrison.
| City | Population | Cost Of Living | Vs. Garrison |
|---|---|---|---|
| Columbia, MD | 105,086 | 129 | 1.2x |
| Towson, MD | 59,014 | 123 | 1.1x |
| Severn, MD | 53,955 | 127 | 1.1x |
| Randallstown, MD | 35,641 | 109 | 1.0x |
| Owings Mills, MD | 35,170 | 115 | 1.0x |
| Pikesville, MD | 33,549 | 123 | 1.1x |
| Milford Mill, MD | 30,685 | 106 | 1.0x |
| Eldersburg, MD | 30,418 | 126 | 1.1x |
| Reisterstown, MD | 27,917 | 112 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.2x |
