Bethesda cost of living is 189.2
| COST OF LIVING | Bethesda | Maryland |
|---|---|---|
| Grocery | 118.3 | 105.2 |
| Health | 92.6 | 89.1 |
| Housing | 366.1 | 127.2 |
| Median Home Cost | $1,051,300 | $361,900 |
Is Bethesda expensive to live in?
Bethesda is one of the most expensive cities in America — but it has a high median household income to match! The cost of living in Bethesda is about 45% higher than the U.S. average. You can get a good idea of the Bethesda cost of living by looking at housing costs. The median home value in Bethesda, MD is $877,000.
Is Bethesda MD a good place to live?
Just outside Washington, D.C. sits the bustling urban community of Bethesda. In 2018, the city ranked as one of the top 20 places to live, and it’s easy to see why. Although it’s just a stone’s throw away from the nation’s capital, the area offers its own local cuisine, shopping, and entertainment.
Is Bethesda cheaper than DC?
Washington is 19.6% less expensive than Bethesda. Washington housing costs are 34.2% less expensive than Bethesda housing costs. Health related expenses are 4.3% less in Washington.
Is MD expensive to live in?
Is Maryland expensive to live? Yes, unfortunately Maryland is one of the most expensive states in the U.S. Overall, it has the sixth overall cost of living compared to all other states in the country. Goods and services in the state will cost more than the national average.
What is a good salary in Bethesda Maryland?
Households in Bethesda, MD have a median annual income of $164,142, which is more than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $159,431 in 2018, which represents a 2.95% annual growth.
How much do you need to make to live comfortably in Maryland?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $33,377 | $49,085 |
| Annual taxes | $7,677 | $11,290 |
| Required annual income before taxes | $41,054 | $60,375 |
Is Bethesda Maryland wealthy?
Bethesda is one of the most affluent and highly educated communities in the United States. It is a vibrant town, and a destination for shopping, dining and artistic and cultural events. According to the Montgomery County Department of Parks & Planning Web site, Bethesda has a downtown workforce that exceeds 43,000.
Can you live in Bethesda without a car?
On average, residents have two cars per household, but many residents commute to work for an average of 26.5 minutes. Bethesda is accessible by Metro and Montgomery County Ride-On buses.
Is it cheaper to live in VA or MD?
Maryland is 3.7% more expensive than Virginia.
How much snow does Bethesda get?
Climate Averages
| Bethesda, Maryland | United States | |
|---|---|---|
| Rainfall | 42.7 in. | 38.1 in. |
| Snowfall | 17.2 in. | 27.8 in. |
| Precipitation | 113.9 days | 106.2 days |
| Sunny | 197 days | 205 days |
What’s it like living in Bethesda MD?
Living in Bethesda offers residents an urban feel and most residents own their homes. In Bethesda there are a lot of restaurants, coffee shops, and parks. Many families and retirees live in Bethesda and residents tend to have moderate political views. The public schools in Bethesda are highly rated.
Is Bethesda good for singles?
“There seems to be a lot of people in the area as well as a lot of great restaurants to take them to,” said Garrett, 22. “All great for the day time, as well as night.” So while Bethesda may not offer much to the singles who are ready to mingle, it does offer more nightlife options than its reputation might suggest.
What is the cheapest place to live in MD?
Most Affordable Places to Live in Maryland
- Arbutus.
- Bel Air.
- Brunswick.
- Easton.
- Glenarden.
- White Marsh.
Where should you not live in Maryland?
Here Are The 10 Most Dangerous Towns In Maryland To Live In
- 1) Baltimore. Baltimore, MD, USA.
- 2) Ocean City. Ocean City, MD, USA.
- 3) Elkton. Elkton, MD 21921, USA.
- 4) Pocomoke City. Pocomoke City, MD 21851, USA.
- 5) Salisbury. Salisbury, MD, USA.
- 6) Bladensburg. Bladensburg, MD, USA.
- 7) Suitland.
- 8) Cambridge.
What is the best area in Maryland to live?
Best Places To Live in Maryland
- Rockville. At the core of the Interstate 270 Technology Corridor is Rockville, which houses many biotechnology and software companies along with federal government agencies.
- Bethesda.
- Frederick.
- College Park.
- Towson.
- Silver Spring.
- North Bethesda.
- Columbia.
What’s the average household income in Bethesda Maryland?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $172,873 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $99,592 |
| Persons in poverty, percent | 3.6% |
Is Chevy Chase Maryland rich?
The town is the wealthiest in Maryland, with a median income of over $250,000, the highest income bracket listed by the census bureau, and a median home value of $1,823,800. Location of Chevy Chase Village within Montgomery County, Maryland (click to enlarge). Chevy Chase Village includes 721 homes.
What income is middle class in Maryland?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Maryland | $71,844 | $86,738 |
| Utah | $71,034 | $75,780 |
| Nevada | $70,752 | $63,276 |
| Virginia | $67,197 | $76,456 |
Why is rent so high in Maryland?
One of the major reasons why we are seeing such a rise in the rent prices in Maryland is that the state borders Washington DC. Though there are many beautiful places to live throughout the district, the high costs here simply don’t make it feasible.
What is minimum wage in Maryland?
What’s the 2022 minimum wage in Maryland? As of January 1, 2022, the minimum wage in Maryland is $12.20 – $12.50 per hour. Workers in Montgomery County enjoy an even higher minimum wage – $13.50–$15.00.