Parole, MD Cost Of Living
Cost Of Living In Parole, MD Summary
Cost of living in Parole 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 Parole 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 Parole is 137, with 100 being the average.
The cost of living index in Parole is 1.4x higher than the national average.
Parole ranks as the #150 cheapest in Maryland out of 188.
Parole ranks as the #5,488 cheapest out of 6,412 in the US.
The median home value in Parole is $448,700.
The median income in Parole is $111,995.
Table Of Contents
Parole's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Parole, MD?
According to the most recent data on the cost of living, Parole has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.
Compared to Maryland, Parole has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Parole ranks as #150 most affordable out of the 188 places we measured in Maryland. By definition, that implies Parole ranks as the #38 most expensive place in the Old Line State.
For more reading on life in Parole, check out:
- Living In Parole
- Search Homes For Sale In Parole, MD
In Maryland
In America
Parole Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Parole. Here is how it fairs on each of the criteria:
The Services index in Parole is 107.
The Groceries index in Parole is 112.
The Health index in Parole is 84.
The Housing index in Parole is 208.
The Transportation index in Parole is 102.
The Utilities index in Parole is 105.
| Living Expense | Parole | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 137 | 120 | 100 | |
| Services | 107 | 109 | 100 | |
| Groceries | 112 | 108 | 100 | |
| Health | 84 | 92 | 100 | |
| Housing | 208 | 156 | 100 | |
| Transportation | 102 | 100 | 100 | |
| Utilities | 105 | 108 | 100 | |
Parole, 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 Parole is $448,700.
The Median Rent in Parole is $1,907.
The Median Income in Parole is $111,995.
The Home Value To Income in Parole is 4.0x.
The Rent To Monthly Income in Parole is 0.2x.
| Statistic | Parole | Maryland | United States |
|---|---|---|---|
| Median Home Value | $448,700 | $338,500 | $244,900 |
| Median Rent | $1,907 | $1,485 | $1,163 |
| Median Income | $111,995 | $91,431 | $69,021 |
| Home Value To Income | 4.0x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Parole, MD Costs By Category
Detailed Parole Services Costs Vs. Maryland
Detailed Parole Groceries Costs Vs. Maryland
Detailed Parole Health Costs Vs. Maryland
Detailed Parole Transportation Costs Vs. Maryland
Detailed Parole Utilities Costs Vs. Maryland
Parole SnackAbility
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Cost Of Living In Cities Around Parole
The cost of living varies in the cities and towns around Parole. Here's a quick look at the cost of living in the most populous nearby places:
Bowie, MD has a cost of living index of 134, 1.0x Parole.
Annapolis, MD has a cost of living index of 129, 0.9x Parole.
Severna Park, MD has a cost of living index of 146, 1.1x Parole.
| City | Population | Cost Of Living | Vs. Parole |
|---|---|---|---|
| Bowie, MD | 58,113 | 134 | 1.0x |
| Annapolis, MD | 40,581 | 129 | 0.9x |
| Severna Park, MD | 39,108 | 146 | 1.1x |
| Crofton, MD | 29,812 | 140 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.0x |
| Arnold, MD | 25,056 | 134 | 1.0x |
| North Laurel, MD | 24,233 | 129 | 0.9x |
| Elkridge, MD | 24,115 | 127 | 0.9x |
| Annapolis Neck, MD | 13,059 | 153 | 1.1x |
| Edgewater, MD | 9,075 | 133 | 1.0x |
