Spring Ridge, MD Cost Of Living
Cost Of Living In Spring Ridge, MD Summary
Cost of living in Spring Ridge 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 Spring Ridge 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 Spring Ridge is 129, with 100 being the average.
The cost of living index in Spring Ridge is 1.3x higher than the national average.
Spring Ridge ranks as the #126 cheapest in Maryland out of 188.
Spring Ridge ranks as the #5,222 cheapest out of 6,412 in the US.
The median home value in Spring Ridge is $364,400.
The median income in Spring Ridge is $116,786.
Table Of Contents
Spring Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Spring Ridge, MD?
According to the most recent data on the cost of living, Spring Ridge has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to Maryland, Spring Ridge has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Spring Ridge ranks as #126 most affordable out of the 188 places we measured in Maryland. By definition, that implies Spring Ridge ranks as the #62 most expensive place in the Old Line State.
For more reading on life in Spring Ridge, check out:
- Living In Spring Ridge
- Search Homes For Sale In Spring Ridge, MD
In Maryland
In America
Spring Ridge Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Spring Ridge. Here is how it fairs on each of the criteria:
The Services index in Spring Ridge is 114.
The Groceries index in Spring Ridge is 115.
The Health index in Spring Ridge is 88.
The Housing index in Spring Ridge is 169.
The Transportation index in Spring Ridge is 116.
The Utilities index in Spring Ridge is 110.
| Living Expense | Spring Ridge | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 129 | 120 | 100 | |
| Services | 114 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 88 | 92 | 100 | |
| Housing | 169 | 156 | 100 | |
| Transportation | 116 | 100 | 100 | |
| Utilities | 110 | 108 | 100 | |
Spring Ridge, 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 Spring Ridge is $364,400.
The Median Rent in Spring Ridge is $1,686.
The Median Income in Spring Ridge is $116,786.
The Home Value To Income in Spring Ridge is 3.1x.
The Rent To Monthly Income in Spring Ridge is 0.17x.
| Statistic | Spring Ridge | Maryland | United States |
|---|---|---|---|
| Median Home Value | $364,400 | $338,500 | $244,900 |
| Median Rent | $1,686 | $1,485 | $1,163 |
| Median Income | $116,786 | $91,431 | $69,021 |
| Home Value To Income | 3.1x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Spring Ridge, MD Costs By Category
Detailed Spring Ridge Services Costs Vs. Maryland
| Item | Spring Ridge | Maryland |
|---|---|---|
| Shampoo | $1.43 | $1.06 |
| Movie | $12.5 | $10.68 |
| Bowling | $21.25 | $14.67 |
| Haircut | $31.92 | $18.62 |
| Beauty Salon | $63.67 | $39.05 |
Detailed Spring Ridge Groceries Costs Vs. Maryland
| Item | Spring Ridge | Maryland |
|---|---|---|
| Ground Beef | $4.7 | $4.22 |
| Fried Chicken | $1.75 | $1.39 |
| Milk | $2.49 | $2.05 |
| Potatoes | $3.99 | $3.29 |
| Pizza | $11.99 | $10.62 |
| Beer | $10.99 | $9.38 |
| Toothpaste | $2.74 | $2.34 |
Detailed Spring Ridge Health Costs Vs. Maryland
| Item | Spring Ridge | Maryland |
|---|---|---|
| Optometrist | $75.0 | $108.57 |
| Doctor | $97.0 | $116.17 |
| Dentist | $87.0 | $99.13 |
Detailed Spring Ridge Transportation Costs Vs. Maryland
| Item | Spring Ridge | Maryland |
|---|---|---|
| Gasoline | $2.44 | $2.22 |
| Tire Balancing | $62.0 | $50.07 |
Detailed Spring Ridge Utilities Costs Vs. Maryland
| Item | Spring Ridge | Maryland |
|---|---|---|
| All Electricity | $193.98 | $167.67 |
| Phone | $190.63 | $175.64 |
Spring Ridge SnackAbility
/10
Cost Of Living In Cities Around Spring Ridge
The cost of living varies in the cities and towns around Spring Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Germantown, MD has a cost of living index of 130, 1.0x Spring Ridge.
Frederick, MD has a cost of living index of 116, 0.9x Spring Ridge.
Clarksburg, MD has a cost of living index of 153, 1.2x Spring Ridge.
| City | Population | Cost Of Living | Vs. Spring Ridge |
|---|---|---|---|
| Germantown, MD | 90,235 | 130 | 1.0x |
| Frederick, MD | 76,376 | 116 | 0.9x |
| Clarksburg, MD | 27,354 | 153 | 1.2x |
| Ballenger Creek, MD | 23,114 | 119 | 0.9x |
| Damascus, MD | 16,945 | 138 | 1.1x |
| Urbana, MD | 12,841 | 149 | 1.2x |
| Linganore, MD | 10,959 | 134 | 1.0x |
| Mount Airy, MD | 9,621 | 133 | 1.0x |
| Taneytown, MD | 7,183 | 111 | 0.9x |
| Thurmont, MD | 6,247 | 115 | 0.9x |
