Olney, MD Cost of Living


5 Reviews



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How much do I need to live in Olney, Maryland?
$9,210 / month
for a family, 70.6% more expensive than the national average A total of $110,520 for the year for a family.
$6,267 / month
for a single person, 31.5% more expensive than the national average A total of $75,200 for the year for a single person.

Olney cost of living score
138.5
More expensive
38.5% higher
than the US average
23.9% higher
than the Maryland average
Olney, Maryland gets a BestPlaces Cost of Living score of 138.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 38.5% higher than the U.S. average and 23.9% lower than the average for Maryland.

Olney, MD

Housing costs in Olney?
A typical home costs $577,100, which is 70.7% more expensive than the national average of $338,100 and 48.7% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Olney costs $2,140 per month, which is 49.7% more than the national average of $1,430 and 24.3% more than the state average of $1,620.

Can I afford Olney?
To live comfortably in Olney, Maryland, a minimum annual income of $110,520 for a family, and $75,200 for a single person is recommended.

What does A.I. say about Olney?
The cost of living in Olney, MD is slightly above the national average. According to BestPlaces, the overall cost of living index for Olney is 112.3, which is 12.3% higher than the United States' average of 100. Housing costs in Olney are particularly high, with an index score of 162.6 which is 62.6% higher than the national average. The median home price in Olney is $540,000 and rental prices range from $1,700-$4,000 per month depending on size and location. Groceries and transportation costs are closer to average for the US, but residents can still expect their costs to be slightly above average as well.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesOlneyMarylandUnited States
    Unlock111.8100.0
  112.5  Unlock100.0
    Unlock84.2100.0
  192.0  Unlock100.0
    Unlock$388,100$338,100
  105.8  Unlock100.0
    Unlock119.3100.0
  146.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Olney
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Been here since 2015. Peaceful and lots of green space for natural beauty. Convenient to given the shopping village with all that is needed. I must express  More

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In 1957 my parents almost bought a house with a stable for two horses. When the deal went south, I came close to divorcing my parents! Forty years later, my wife and I  More

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Over 13 years ago

Olney Theater is very good for small  More

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