The cost of living index in Forest Hill, MD, shows that housing costs are 15% higher than the nationwide average. This increase is due to the housing index being at 115 compared to the baseline of 100. Groceries, utilities, transportation, and healthcare also show slight increases, with groceries at 5%, transportation at 2%, and healthcare at 10% higher than the average. Miscellaneous costs, however, match the nationwide average at 100.
The cost of living in Forest Hill, MD, shows some differences when compared to the nationwide average. Housing costs in Forest Hill are 15% higher than the national average, with an index of 115. This means that expenses for rent or mortgage payments are significantly higher for residents in Forest Hill. Groceries also cost more, with an index of 105, which is 5% above the national average. This indicates that buying food and household items can be more expensive here.
Transportation costs are slightly above the national average, with an index of 102, meaning they are 2% higher. The cost of utilities, however, is slightly lower, at 97, which is 3% below the national average. Healthcare costs are also higher, with an index of 110, showing a 10% increase. Miscellaneous costs in Forest Hill match the national average, with an index of 100. Overall, Forest Hill residents face higher costs in several key areas, making it important to consider these factors when planning a move.
