Potomac, MD Cost Of Living
Cost Of Living In Potomac, MD Summary
Cost of living in Potomac 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 Potomac 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 Potomac is 198, with 100 being the average.
The cost of living index in Potomac is 2.0x higher than the national average.
Potomac ranks as the #186 cheapest in Maryland out of 188.
Potomac ranks as the #6,308 cheapest out of 6,412 in the US.
The median home value in Potomac is $937,000.
The median income in Potomac is $198,870.
Table Of Contents
Potomac's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Potomac, MD?
According to the most recent data on the cost of living, Potomac has an overall cost of living index of 198, which is 2.0x higher than the national index of 100.
Compared to Maryland, Potomac has a cost of living index that's 1.6x higher than Maryland's index of 120.
The standard of living in Potomac ranks as #186 most affordable out of the 188 places we measured in Maryland. By definition, that implies Potomac ranks as the #2 most expensive place in the Old Line State.
For more reading on life in Potomac, check out:
- Living In Potomac
- Search Homes For Sale In Potomac, MD
In Maryland
In America
Potomac Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Potomac. Here is how it fairs on each of the criteria:
The Services index in Potomac is 116.
The Groceries index in Potomac is 115.
The Health index in Potomac is 85.
The Housing index in Potomac is 394.
The Transportation index in Potomac is 116.
The Utilities index in Potomac is 111.
| Living Expense | Potomac | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 198 | 120 | 100 | |
| Services | 116 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 85 | 92 | 100 | |
| Housing | 394 | 156 | 100 | |
| Transportation | 116 | 100 | 100 | |
| Utilities | 111 | 108 | 100 | |
Potomac, 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 Potomac is $937,000.
The Median Rent in Potomac is $2,340.
The Median Income in Potomac is $198,870.
The Home Value To Income in Potomac is 4.7x.
The Rent To Monthly Income in Potomac is 0.14x.
| Statistic | Potomac | Maryland | United States |
|---|---|---|---|
| Median Home Value | $937,000 | $338,500 | $244,900 |
| Median Rent | $2,340 | $1,485 | $1,163 |
| Median Income | $198,870 | $91,431 | $69,021 |
| Home Value To Income | 4.7x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Potomac, MD Costs By Category
Detailed Potomac Services Costs Vs. Maryland
Detailed Potomac Groceries Costs Vs. Maryland
Detailed Potomac Health Costs Vs. Maryland
Detailed Potomac Transportation Costs Vs. Maryland
Detailed Potomac Utilities Costs Vs. Maryland
Potomac SnackAbility
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Cost Of Living In Cities Around Potomac
The cost of living varies in the cities and towns around Potomac. Here's a quick look at the cost of living in the most populous nearby places:
Rockville, MD has a cost of living index of 154, 0.8x Potomac.
Bethesda, MD has a cost of living index of 192, 1.0x Potomac.
North Bethesda, MD has a cost of living index of 159, 0.8x Potomac.
| City | Population | Cost Of Living | Vs. Potomac |
|---|---|---|---|
| Rockville, MD | 67,095 | 154 | 0.8x |
| Bethesda, MD | 66,294 | 192 | 1.0x |
| North Bethesda, MD | 50,695 | 159 | 0.8x |
| McLean, VA | 49,310 | 220 | 1.1x |
| Olney, MD | 35,815 | 150 | 0.8x |
| Clarksburg, MD | 27,354 | 153 | 0.8x |
| North Potomac, MD | 24,449 | 167 | 0.8x |
| Great Falls, VA | 14,690 | 238 | 1.2x |
| Kemp Mill, MD | 14,509 | 141 | 0.7x |
| Colesville, MD | 14,468 | 140 | 0.7x |
