National Harbor, MD, shows a higher cost of living index compared to the nationwide average of 100. The housing index stands at 135%, indicating housing costs are 35% higher than the average. Other areas like groceries, utilities, and transportation also surpass the national average, while healthcare and miscellaneous costs remain relatively close to the norm.
Professionals moving to National Harbor should be aware of these increases, particularly in housing. Though other expenses are only slightly above average, the overall cost of living index paints a clear picture of higher living expenses in this area. Planning finances carefully can help mitigate these higher costs.
The cost of living index for National Harbor, MD, shows several areas where expenses exceed the nationwide average, which is set at 100. Housing costs in National Harbor are notably higher, standing at 135. This means housing prices are 35% above the national average. For job seekers considering this area, this could significantly impact their budget if they are planning to rent or buy a home.
Other areas also reflect higher costs compared to the national average. Groceries cost 10% more, with an index of 110, while utilities are 5% higher at 105. Transportation costs are up 20% at 120, making it more expensive to get around. Despite these higher costs, healthcare in National Harbor is more affordable, with an index of 95, meaning expenses are 5% below the national average. This mix of higher and lower costs can influence a job seeker's overall living expenses and financial planning.
