New Carrollton, MD vs Owings Mills, MD

New Carrollton, MD and Owings Mills, MD have a very similar cost of living, with only a 3.1% difference in their overall index. New Carrollton scores 122 while Owings Mills scores 119 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in New Carrollton is $1,745/month compared to $1,815/month in Owings Mills — a 4% difference. Interestingly, home values tell a different story: while New Carrollton has cheaper rent, Owings Mills actually has lower median home values ($335,000 vs $378,300).

Median household income in New Carrollton is $80,292 compared to $94,046 in Owings Mills (-14.6%). Owings Mills offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Carrollton spend roughly 26.1% of their income on rent, more than the 23.2% in Owings Mills.

Climate-wise, both cities share similar average temperatures (59.3°F vs 59.1°F). Owings Mills receives more rainfall at 43.7" per year compared to 41.8" in New Carrollton.