The cost of living index in Oakland, MD, shows a mix of affordability and higher costs compared to the nationwide average. Housing costs 15% less, while transportation costs 5% more. Groceries, utilities, healthcare, and miscellaneous expenses are close to the national average, with slight variations. This data helps job seekers understand potential living expenses in Oakland, MD.
The cost of living in Oakland, MD, presents a mix of affordability and higher expenses compared to the nationwide average. Housing, for instance, is 15% below the national average, making it a more budget-friendly option for those looking to settle in this area. The housing index of 85 indicates that residents can find homes and rent at prices that are significantly lower than the average cost across the country.
In contrast, some areas show higher costs. Transportation costs are 5% above the national average, with an index of 105. This means that commuting and vehicle expenses might be slightly higher than what one might find in other parts of the country. Groceries, utilities, and miscellaneous costs are also close to the national average, with indices of 95, 90, and 92, respectively. Healthcare costs, however, remain consistent with the national average, offering a balanced outlook for those considering a move to Oakland, MD.
