Lutherville, MD Cost Of Living
Cost Of Living In Lutherville, MD Summary
Cost of living in Lutherville 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 Lutherville 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 Lutherville is 122, with 100 being the average.
The cost of living index in Lutherville is 1.2x higher than the national average.
Lutherville ranks as the #92 cheapest in Maryland out of 188.
Lutherville ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Lutherville is $376,200.
The median income in Lutherville is $129,567.
Table Of Contents
Lutherville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lutherville, MD?
According to the most recent data on the cost of living, Lutherville has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Maryland, Lutherville has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Lutherville ranks as #92 most affordable out of the 188 places we measured in Maryland. By definition, that implies Lutherville ranks as the #96 most expensive place in the Old Line State.
For more reading on life in Lutherville, check out:
- Living In Lutherville
- Search Homes For Sale In Lutherville, MD
In Maryland
In America
Lutherville Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Lutherville. Here is how it fairs on each of the criteria:
The Services index in Lutherville is 105.
The Groceries index in Lutherville is 113.
The Health index in Lutherville is 82.
The Housing index in Lutherville is 162.
The Transportation index in Lutherville is 100.
The Utilities index in Lutherville is 106.
| Living Expense | Lutherville | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 122 | 120 | 100 | |
| Services | 105 | 109 | 100 | |
| Groceries | 113 | 108 | 100 | |
| Health | 82 | 92 | 100 | |
| Housing | 162 | 156 | 100 | |
| Transportation | 100 | 100 | 100 | |
| Utilities | 106 | 108 | 100 | |
Lutherville, 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 Lutherville is $376,200.
The Median Rent in Lutherville is $1,342.
The Median Income in Lutherville is $129,567.
The Home Value To Income in Lutherville is 2.9x.
The Rent To Monthly Income in Lutherville is 0.12x.
| Statistic | Lutherville | Maryland | United States |
|---|---|---|---|
| Median Home Value | $376,200 | $338,500 | $244,900 |
| Median Rent | $1,342 | $1,485 | $1,163 |
| Median Income | $129,567 | $91,431 | $69,021 |
| Home Value To Income | 2.9x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Lutherville, MD Costs By Category
Detailed Lutherville Services Costs Vs. Maryland
| Item | Lutherville | 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 Lutherville Groceries Costs Vs. Maryland
| Item | Lutherville | 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 Lutherville Health Costs Vs. Maryland
| Item | Lutherville | Maryland |
|---|---|---|
| Optometrist | $82.95 | $108.57 |
| Doctor | $93.69 | $116.17 |
| Dentist | $84.98 | $99.13 |
Detailed Lutherville Transportation Costs Vs. Maryland
| Item | Lutherville | Maryland |
|---|---|---|
| Gasoline | $2.15 | $2.22 |
| Tire Balancing | $54.77 | $50.07 |
Detailed Lutherville Utilities Costs Vs. Maryland
| Item | Lutherville | Maryland |
|---|---|---|
| All Electricity | $176.72 | $167.67 |
| Phone | $192.13 | $175.64 |
Lutherville SnackAbility
/10
Cost Of Living In Cities Around Lutherville
The cost of living varies in the cities and towns around Lutherville. Here's a quick look at the cost of living in the most populous nearby places:
Towson, MD has a cost of living index of 123, 1.0x Lutherville.
Bel Air South, MD has a cost of living index of 115, 0.9x Lutherville.
Pikesville, MD has a cost of living index of 123, 1.0x Lutherville.
| City | Population | Cost Of Living | Vs. Lutherville |
|---|---|---|---|
| Towson, MD | 59,014 | 123 | 1.0x |
| Bel Air South, MD | 56,928 | 115 | 0.9x |
| Pikesville, MD | 33,549 | 123 | 1.0x |
| Pasadena, MD | 31,583 | 122 | 1.0x |
| Bel Air North, MD | 30,969 | 124 | 1.0x |
| Parkville, MD | 30,783 | 107 | 0.9x |
| Eldersburg, MD | 30,418 | 126 | 1.0x |
| Carney, MD | 29,873 | 114 | 0.9x |
| Ilchester, MD | 27,513 | 133 | 1.1x |
| Elkridge, MD | 24,115 | 127 | 1.0x |
