College Park, MD Cost of Living


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College Park cost of living score
120.8
More expensive
20.8% higher
than the US average
8.1% higher
than the Maryland average
College Park, Maryland gets a BestPlaces Cost of Living score of 120.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.8% higher than the U.S. average and 8.1% lower than the average for Maryland.

College Park, MD

Housing costs in College Park?
A typical home costs $414,800, which is 22.7% more expensive than the national average of $338,100 and 6.9% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in College Park costs $1,690 per month, which is 18.2% more than the national average of $1,430 and 4.1% more than the state average of $1,620.

Can I afford College Park?
To live comfortably in College Park, Maryland, a minimum annual income of $79,560 for a family, and $59,200 for a single person is recommended.

What does A.I. say about College Park?
The cost of living in College Park, MD is slightly higher than the national average. The median home price in College Park is $370,000, which is about 5.2% higher than the Maryland average of $352,900. The median rent for a one-bedroom apartment in the city is $1300, which is roughly 6% higher than the national average. Despite having a slightly higher cost of living than other cities and towns in Maryland, College Park remains an affordable place to live. With its close proximity to Washington DC and other urban centers such as Baltimore and Annapolis, the city offers residents access to a wide range of activities and amenities that make it an attractive option for those looking for quality housing options at an affordable price.
   Cost of living score
     CategoriesCollege ParkMarylandUnited States
  120.8111.8100.0
  108105.2100
  87.284.2100.0
  136.0124.1100.0
  $414,800$388,100$338,100
  109.4%105.6%100.0%
  131.9119.3100.0
  118.5112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for College Park
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There are a lot of options for students who want to live near campus. Closer to campus is definitely the most expensive area, around 800-1200 per month. There are a lot  More

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