Cost of living in Pasadena 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 Pasadena 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 Pasadena is 122, with 100 being the average.
The cost of living index in Pasadena is 1.2x higher than the national average.
Pasadena ranks as the #92 cheapest in Maryland out of 188.
Pasadena ranks as the #4,905 cheapest out of 6,412 in the US.
The median home value in Pasadena is $342,900.
The median income in Pasadena is $107,088.
According to the most recent data on the cost of living, Pasadena has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Maryland, Pasadena has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Pasadena ranks as #92 most affordable out of the 188 places we measured in Maryland. By definition, that implies Pasadena ranks as the #96 most expensive place in the Old Line State.
For more reading on life in Pasadena, check out:
Six factors go into calculating the cost of living index in Pasadena. Here is how it fairs on each of the criteria:
The Services index in Pasadena is 106.
The Groceries index in Pasadena is 114.
The Health index in Pasadena is 85.
The Housing index in Pasadena is 158.
The Transportation index in Pasadena is 102.
The Utilities index in Pasadena is 104.
Living Expense | Pasadena | Maryland | National Average | |
---|---|---|---|---|
Overall | 122 | 120 | 100 | |
Services | 106 | 109 | 100 | |
Groceries | 114 | 108 | 100 | |
Health | 85 | 92 | 100 | |
Housing | 158 | 156 | 100 | |
Transportation | 102 | 100 | 100 | |
Utilities | 104 | 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 Pasadena is $342,900.
The Median Rent in Pasadena is $1,918.
The Median Income in Pasadena is $107,088.
The Home Value To Income in Pasadena is 3.2x.
The Rent To Monthly Income in Pasadena is 0.21x.
Statistic | Pasadena | Maryland | United States |
---|---|---|---|
Median Home Value | $342,900 | $338,500 | $244,900 |
Median Rent | $1,918 | $1,485 | $1,163 |
Median Income | $107,088 | $91,431 | $69,021 |
Home Value To Income | 3.2x | 3.7x | 3.5x |
Rent To Monthly Income | 0.21x | 0.19x | 0.2x |
The cost of living varies in the cities and towns around Pasadena. 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, 1.1x Pasadena.
Glen Burnie, MD has a cost of living index of 112, 0.9x Pasadena.
Bowie, MD has a cost of living index of 134, 1.1x Pasadena.
City | Population | Cost Of Living | Vs. Pasadena |
---|---|---|---|
Columbia, MD | 105,086 | 129 | 1.1x |
Glen Burnie, MD | 69,739 | 112 | 0.9x |
Bowie, MD | 58,113 | 134 | 1.1x |
Severna Park, MD | 39,108 | 146 | 1.2x |
Crofton, MD | 29,812 | 140 | 1.1x |
Ilchester, MD | 27,513 | 133 | 1.1x |
North Laurel, MD | 24,233 | 129 | 1.1x |
Elkridge, MD | 24,115 | 127 | 1.0x |
Lake Shore, MD | 19,388 | 127 | 1.0x |
Ferndale, MD | 17,113 | 111 | 0.9x |