Cost of Living in Olney, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
241.1
100 = national avg
+141.1 vs national average
Living Wage (1 Adult)
$106,093
per year
Living Wage (Family of 4)
$250,765
per year
Cost Index by Category
Housing285.9
Food181.3
Transportation262.6
Healthcare165.0
Utilities185.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Olney is 241.1, which is 141.1% above the national average. Housing costs are above the national average at an index of 285.9. A single adult needs to earn approximately $106,093 per year to cover basic expenses.