Pikesville, MD Cost Of Living
Cost Of Living In Pikesville, MD Summary
Cost of living in Pikesville 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 Pikesville 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 Pikesville is 123, with 100 being the average.
The cost of living index in Pikesville is 1.2x higher than the national average.
Pikesville ranks as the #99 cheapest in Maryland out of 188.
Pikesville ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Pikesville is $350,000.
The median income in Pikesville is $90,748.
Table Of Contents
Pikesville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Pikesville, MD?
According to the most recent data on the cost of living, Pikesville has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to Maryland, Pikesville has a cost of living index that's 1.0x higher than Maryland's index of 120.
The standard of living in Pikesville ranks as #99 most affordable out of the 188 places we measured in Maryland. By definition, that implies Pikesville ranks as the #89 most expensive place in the Old Line State.
For more reading on life in Pikesville, check out:
- Living In Pikesville
- Search Homes For Sale In Pikesville, MD
In Maryland
In America
Pikesville Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Pikesville. Here is how it fairs on each of the criteria:
The Services index in Pikesville is 106.
The Groceries index in Pikesville is 114.
The Health index in Pikesville is 82.
The Housing index in Pikesville is 157.
The Transportation index in Pikesville is 100.
The Utilities index in Pikesville is 107.
| Living Expense | Pikesville | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 123 | 120 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 114 | 108 | 100 | |
| Health | 82 | 92 | 100 | |
| Housing | 157 | 156 | 100 | |
| Transportation | 100 | 100 | 100 | |
| Utilities | 107 | 108 | 100 | |
Pikesville, 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 Pikesville is $350,000.
The Median Rent in Pikesville is $1,429.
The Median Income in Pikesville is $90,748.
The Home Value To Income in Pikesville is 3.9x.
The Rent To Monthly Income in Pikesville is 0.19x.
| Statistic | Pikesville | Maryland | United States |
|---|---|---|---|
| Median Home Value | $350,000 | $338,500 | $244,900 |
| Median Rent | $1,429 | $1,485 | $1,163 |
| Median Income | $90,748 | $91,431 | $69,021 |
| Home Value To Income | 3.9x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Pikesville, MD Costs By Category
Detailed Pikesville Services Costs Vs. Maryland
| Item | Pikesville | 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 Pikesville Groceries Costs Vs. Maryland
| Item | Pikesville | 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 Pikesville Health Costs Vs. Maryland
| Item | Pikesville | Maryland |
|---|---|---|
| Optometrist | $82.95 | $108.57 |
| Doctor | $93.69 | $116.17 |
| Dentist | $84.98 | $99.13 |
Detailed Pikesville Transportation Costs Vs. Maryland
| Item | Pikesville | Maryland |
|---|---|---|
| Gasoline | $2.15 | $2.22 |
| Tire Balancing | $54.77 | $50.07 |
Detailed Pikesville Utilities Costs Vs. Maryland
| Item | Pikesville | Maryland |
|---|---|---|
| All Electricity | $176.72 | $167.67 |
| Phone | $192.13 | $175.64 |
Pikesville SnackAbility
/10
Cost Of Living In Cities Around Pikesville
The cost of living varies in the cities and towns around Pikesville. 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, 1.0x Pikesville.
Towson, MD has a cost of living index of 123, 1.0x Pikesville.
Randallstown, MD has a cost of living index of 109, 0.9x Pikesville.
| City | Population | Cost Of Living | Vs. Pikesville |
|---|---|---|---|
| Columbia, MD | 105,086 | 129 | 1.0x |
| Towson, MD | 59,014 | 123 | 1.0x |
| Randallstown, MD | 35,641 | 109 | 0.9x |
| Owings Mills, MD | 35,170 | 115 | 0.9x |
| Milford Mill, MD | 30,685 | 106 | 0.9x |
| Eldersburg, MD | 30,418 | 126 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.1x |
| Lochearn, MD | 26,995 | 106 | 0.9x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Elkridge, MD | 24,115 | 127 | 1.0x |
