Taneytown, MD Cost Of Living
Cost Of Living In Taneytown, MD Summary
Cost of living in Taneytown 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 Taneytown 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 Taneytown is 111, with 100 being the average.
The cost of living index in Taneytown is 1.1x higher than the national average.
Taneytown ranks as the #38 cheapest in Maryland out of 188.
Taneytown ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Taneytown is $266,500.
The median income in Taneytown is $75,167.
Table Of Contents
Taneytown's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Taneytown, MD?
According to the most recent data on the cost of living, Taneytown has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Maryland, Taneytown has a cost of living index that's 0.9x lower than Maryland's index of 120.
The standard of living in Taneytown ranks as #38 most affordable out of the 188 places we measured in Maryland. By definition, that implies Taneytown ranks as the #150 most expensive place in the Old Line State.
For more reading on life in Taneytown, check out:
- Living In Taneytown
- Taneytown Crime Report
- Search Homes For Sale In Taneytown, MD
In Maryland
In America
Taneytown Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Taneytown. Here is how it fairs on each of the criteria:
The Services index in Taneytown is 106.
The Groceries index in Taneytown is 115.
The Health index in Taneytown is 85.
The Housing index in Taneytown is 123.
The Transportation index in Taneytown is 100.
The Utilities index in Taneytown is 106.
| Living Expense | Taneytown | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 111 | 120 | 100 | |
| Services | 106 | 109 | 100 | |
| Groceries | 115 | 108 | 100 | |
| Health | 85 | 92 | 100 | |
| Housing | 123 | 156 | 100 | |
| Transportation | 100 | 100 | 100 | |
| Utilities | 106 | 108 | 100 | |
Taneytown, 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 Taneytown is $266,500.
The Median Rent in Taneytown is $883.
The Median Income in Taneytown is $75,167.
The Home Value To Income in Taneytown is 3.5x.
The Rent To Monthly Income in Taneytown is 0.14x.
| Statistic | Taneytown | Maryland | United States |
|---|---|---|---|
| Median Home Value | $266,500 | $338,500 | $244,900 |
| Median Rent | $883 | $1,485 | $1,163 |
| Median Income | $75,167 | $91,431 | $69,021 |
| Home Value To Income | 3.5x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Taneytown, MD Costs By Category
Detailed Taneytown Services Costs Vs. Maryland
Detailed Taneytown Groceries Costs Vs. Maryland
Detailed Taneytown Health Costs Vs. Maryland
Detailed Taneytown Transportation Costs Vs. Maryland
Detailed Taneytown Utilities Costs Vs. Maryland
Taneytown SnackAbility
/10
Cost Of Living In Cities Around Taneytown
The cost of living varies in the cities and towns around Taneytown. Here's a quick look at the cost of living in the most populous nearby places:
Westminster, MD has a cost of living index of 108, 1.0x Taneytown.
Hanover, PA has a cost of living index of 96, 0.9x Taneytown.
Linganore, MD has a cost of living index of 134, 1.2x Taneytown.
| City | Population | Cost Of Living | Vs. Taneytown |
|---|---|---|---|
| Westminster, MD | 19,783 | 108 | 1.0x |
| Hanover, PA | 16,291 | 96 | 0.9x |
| Linganore, MD | 10,959 | 134 | 1.2x |
| Mount Airy, MD | 9,621 | 133 | 1.2x |
| Parkville, PA | 8,131 | 100 | 0.9x |
| Gettysburg, PA | 7,423 | 105 | 0.9x |
| Hampstead, MD | 6,273 | 109 | 1.0x |
| Thurmont, MD | 6,247 | 115 | 1.0x |
| Walkersville, MD | 6,134 | 125 | 1.1x |
| Spring Ridge, MD | 5,827 | 129 | 1.2x |
