Olney, MD, has a higher cost of living compared to the nationwide average, with an overall index of 116. This means that living in Olney costs about 16% more than the national average. Specifically, housing costs are 40% higher, while groceries, utilities, transportation, and healthcare also show increases ranging from 10% to 20%. These figures highlight the importance of considering local cost of living when planning a move to Olney.
Olney, Maryland, shows a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Olney are notably higher, with an index of 140. This means housing expenses are 40% more than the national average. People moving to Olney should budget for significantly higher housing costs.
Other expenses in Olney also exceed the national average. For example, groceries have an index of 110, indicating a 10% increase. Utilities are slightly higher at 105, which is a 5% increase. Transportation costs are 15% higher, with an index of 115. Healthcare costs are also up, at 120, which is a 20% increase. Miscellaneous costs, however, match the national average, with an index of 100. These figures show that while Olney offers a higher standard of living in some areas, it comes with increased expenses.
