Cost of Living: Owings Mills, MD vs Frederick, MD
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Owings Mills, MD versus $4,224/mo in Frederick, MD. In the model, rent is about 26.45% of gross in Owings Mills, MD versus 24.6% in Frederick, MD, so Frederick, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Owings Mills, MD and Frederick, MD.
At a glance
- Cheaper overall (lower cost-of-living index): Frederick, MD
- Lower rent (median 1BR/2BR): Frederick, MD
- Lower home prices: Owings Mills, MD
- Higher median household income: Frederick, MD
Cost of Living Index
Owings Mills, MD: 100 (U.S. = 100) · Frederick, MD: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Owings Mills, MD: $1,725/mo (midpoint of 1BR/2BR) · Frederick, MD: $1,604/mo
Median rent in Owings Mills, MD is $121/mo higher than in Frederick, MD.
Median Home Price
Owings Mills, MD: $335,000 · Frederick, MD: $365,200
Median home price in Frederick, MD is $30,200 higher than in Owings Mills, MD.
Median Household Income
Owings Mills, MD: $94,046 · Frederick, MD: $95,150
Frederick, MD has a higher median household income than Owings Mills, MD by $1,104.
Owings Mills, MD overview · Frederick, MD overview · Popular comparisons