Olney, MD, has a higher cost of living compared to the nationwide average. The cost of living index in Olney stands at 115, which is 15% higher than the national average of 100. Housing, groceries, and transportation are notably higher, with indices of 135, 110, and 120, respectively. This suggests that potential residents should consider these factors when planning their budget.
Olney, Maryland, shows a cost of living index that is higher than the nationwide average in several key areas. Housing costs in Olney stand at 135, which is 35% higher than the national average. This means that housing expenses in Olney are significantly more expensive compared to the average American city. For groceries, Olney's index is 110, indicating a 10% increase over the national average. This suggests that while groceries are not as steeply priced as housing, they still cost more than the average.
Transportation costs in Olney are also above the national average, with an index of 120. This represents a 20% increase, showing that commuting and other transportation-related expenses can be more costly here. The healthcare index in Olney is 95, which is 5% lower than the national average. This could be a positive factor for those considering Olney, as healthcare costs are slightly more affordable compared to the rest of the country. Overall, Olney's cost of living index reflects higher expenses in housing, groceries, and transportation, but offers a slight advantage in healthcare costs.