North Bethesda, MD, has a higher cost of living compared to the nationwide average. The cost of living index in North Bethesda stands at 129, which is 29% higher than the national average of 100. This increase is largely driven by housing costs, which are 74% above the national average. Other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses also contribute to the elevated cost of living, though to a lesser extent.
The cost of living in North Bethesda, Maryland, is notably higher than the nationwide average, which is set at 100. Housing costs in North Bethesda stand at 174, indicating that residents pay 74% more than the national average for housing. This significant increase reflects the competitive real estate market in the area, which often attracts professionals and families seeking a suburban lifestyle close to major employment hubs.
Other expenses also exceed the national average. For instance, groceries cost 113, which is 13% higher than the average. Utilities are at 106, showing a 6% increase, while transportation costs are slightly above average at 104, which is a 4% rise. Healthcare costs are at 109, indicating a 9% increase, and miscellaneous expenses are at 112, which is 12% higher. These figures collectively suggest that while North Bethesda offers a high quality of life, it comes with a higher financial commitment compared to the national average.
