Cost of Living in Spring Ridge, MD

Population 5,720 · Maryland · Data vintage 2023

142

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Spring Ridge a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $444,000. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.

Located 30 miles northwest of Columbia, Spring Ridge falls within that metro's commuting orbit. Median home values run roughly 8% lower than Columbia's $480,000.

Cost Overview

Housing 146

Rent 137

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Spring Ridge

The median home value in Spring Ridge is $443,800 — 46% above the national median of $305,000. Median rent runs $1,804/month, 37% higher than the national median of $1,314/month. The median household income of $143,079/year is 92% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Spring Ridge has a cost of living index of 142 versus the US average of 100, meaning it is 42% more expensive.

📍

Spring Ridge has limited residential data

Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:

Linganore, MD

Median home: $498,100

Rent: $2,281/mo

Income: $173,763

Frederick, MD

Median home: $365,200

Rent: $1,688/mo

Income: $95,150

Ballenger Creek, MD

Median home: $369,800

Rent: $1,913/mo

Income: $108,385

Urbana, MD

Median home: $596,400

Rent: $2,571/mo

Income: $178,231

Green Valley, MD

Median home: $579,100

Rent: $2,683/mo

Income: $174,221

🏠 Housing

Median Home Value

$443,800

46% above avg

Median Rent

$1,804/mo

37% above avg

Price-to-Rent Ratio

20.5x

Favors renting

Property Tax Rate

1.1%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$1,407

1 BR

$1,604

2 BR

$1,898

3 BR

$2,407

4 BR

$2,822

Owner-occupied 87.4%

Renter-occupied 12.6%

💰 Estimated Monthly Budget

Rent median rent

$1,804

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $2,418/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

34.5 min

28% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

23.1%

Commute Mode

Drove alone

63.6%

Carpooled

11.9%

Public transit

1.0%

Work from home

23.1%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 5.8%

Total Sales Tax 6.0%

State rate 6.0%

Avg local rate 0.0%

Property Tax 1.1%

💼 Income & Employment

Median Household Income

$143,079

92% above avg

Per Capita Income

$64,768

Unemployment Rate

2.5%

48% below avg

Poverty Rate

1.7%

Labor Force Participation

73.3%

🎓 Education

Bachelor's degree+ 33.6%

Graduate degree 26.1%

👥 Demographics

Median Age 37.1

Male median age 34.6

Female median age 40.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good

72%

Good air days/yr

136

Max AQI recorded

PM2.5 days

232

Ozone days

Frequently Asked Questions

What is the cost of living in Spring Ridge, MD?

Spring Ridge has a cost index of 142 (100 = national average). It is 42% above the national average.

What is average rent in Spring Ridge, MD?

The median gross rent in Spring Ridge is $1,804 per month based on 2023 Census data.

What is the average home price in Spring Ridge?

The median home value in Spring Ridge is $443,800 according to 2023 Census ACS data.

What is the median income in Spring Ridge?

The median household income in Spring Ridge is $143,079 per year (2023 ACS 5-year estimates).

What is the sales tax in Spring Ridge, MD?

The combined state and local sales tax rate in Spring Ridge is 6.0%. The Maryland state income tax top rate is 5.8%.

Is Spring Ridge, MD affordable?

Spring Ridge is above average in cost of living, with an index of 142 — about 42% higher than the national average.

Spring Ridge at a Glance

Population: 5,720
Median Income: $143,079
Home Value: $443,800
Median Rent: $1,804/mo
Unemployment: 2.5%
Sales Tax: 6.0%

View all cities in Maryland →

Nearby Cities

🗺️ County data for Maryland

Explore county-level cost of living data

Maryland Rankings

Similar Cost Cities

Cities in other states with comparable housing costs