Hagerstown, MD Cost Of Living
Cost Of Living In Hagerstown, MD Summary
Cost of living in Hagerstown 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 Hagerstown 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 Hagerstown is 95, with 100 being the average.
The cost of living index in Hagerstown is 0.9x lower than the national average.
Hagerstown ranks as the #4 cheapest in Maryland out of 188.
Hagerstown ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Hagerstown is $164,400.
The median income in Hagerstown is $42,965.
Table Of Contents
Hagerstown's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hagerstown, MD?
According to the most recent data on the cost of living, Hagerstown has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Maryland, Hagerstown has a cost of living index that's 0.8x lower than Maryland's index of 120.
The standard of living in Hagerstown ranks as #4 most affordable out of the 188 places we measured in Maryland. By definition, that implies Hagerstown ranks as the #184 most expensive place in the Old Line State.
For more reading on life in Hagerstown, check out:
- Living In Hagerstown
- Hagerstown Crime Report
- Search Homes For Sale In Hagerstown, MD
In Maryland
In America
Hagerstown Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Hagerstown. Here is how it fairs on each of the criteria:
The Services index in Hagerstown is 102.
The Groceries index in Hagerstown is 98.
The Health index in Hagerstown is 103.
The Housing index in Hagerstown is 84.
The Transportation index in Hagerstown is 96.
The Utilities index in Hagerstown is 99.
| Living Expense | Hagerstown | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 95 | 120 | 100 | |
| Services | 102 | 109 | 100 | |
| Groceries | 98 | 108 | 100 | |
| Health | 103 | 92 | 100 | |
| Housing | 84 | 156 | 100 | |
| Transportation | 96 | 100 | 100 | |
| Utilities | 99 | 108 | 100 | |
Hagerstown, 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 Hagerstown is $164,400.
The Median Rent in Hagerstown is $908.
The Median Income in Hagerstown is $42,965.
The Home Value To Income in Hagerstown is 3.8x.
The Rent To Monthly Income in Hagerstown is 0.25x.
| Statistic | Hagerstown | Maryland | United States |
|---|---|---|---|
| Median Home Value | $164,400 | $338,500 | $244,900 |
| Median Rent | $908 | $1,485 | $1,163 |
| Median Income | $42,965 | $91,431 | $69,021 |
| Home Value To Income | 3.8x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Hagerstown, MD Costs By Category
Detailed Hagerstown Services Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| Shampoo | $1.49 | $1.06 |
| Movie | $10.46 | $10.68 |
| Bowling | $16.33 | $14.67 |
| Haircut | $10.53 | $18.62 |
| Beauty Salon | $31.08 | $39.05 |
Detailed Hagerstown Groceries Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| Ground Beef | $4.13 | $4.22 |
| Fried Chicken | $1.22 | $1.39 |
| Milk | $2.23 | $2.05 |
| Potatoes | $3.01 | $3.29 |
| Pizza | $11.5 | $10.62 |
| Beer | $10.99 | $9.38 |
| Toothpaste | $3.41 | $2.34 |
Detailed Hagerstown Health Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| Optometrist | $111.67 | $108.57 |
| Doctor | $108.27 | $116.17 |
| Dentist | $108.44 | $99.13 |
Detailed Hagerstown Transportation Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| Gasoline | $2.28 | $2.22 |
| Tire Balancing | $37.25 | $50.07 |
Detailed Hagerstown Utilities Costs Vs. Maryland
| Item | Hagerstown | Maryland |
|---|---|---|
| All Electricity | $171.46 | $167.67 |
| Phone | $177.97 | $175.64 |
Hagerstown SnackAbility
/10
Cost Of Living In Cities Around Hagerstown
The cost of living varies in the cities and towns around Hagerstown. Here's a quick look at the cost of living in the most populous nearby places:
Oxford, OH has a cost of living index of 88, 0.9x Hagerstown.
Englewood, OH has a cost of living index of 89, 0.9x Hagerstown.
Clayton, OH has a cost of living index of 93, 1.0x Hagerstown.
| City | Population | Cost Of Living | Vs. Hagerstown |
|---|---|---|---|
| Oxford, OH | 22,783 | 88 | 0.9x |
| Englewood, OH | 13,441 | 89 | 0.9x |
| Clayton, OH | 13,246 | 93 | 1.0x |
| Trenton, OH | 12,973 | 92 | 1.0x |
| Harrison, OH | 12,801 | 91 | 1.0x |
| Greenville, OH | 12,785 | 77 | 0.8x |
| Union, OH | 6,832 | 89 | 0.9x |
| Brookville, OH | 5,970 | 88 | 0.9x |
| Germantown, OH | 5,748 | 92 | 1.0x |
