Olney, MD vs Urbana, MD

Olney, MD and Urbana, MD have a very similar cost of living, with only a 1.2% difference in their overall index. Olney scores 163 while Urbana scores 165 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 Olney is $2,409/month compared to $2,571/month in Urbana — a 6% difference. Interestingly, home values tell a different story: while Olney has cheaper rent, Urbana actually has lower median home values ($596,400 vs $632,400).

Median household income in Olney is $171,766 compared to $178,231 in Urbana (-3.6%). While Urbana is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Olney spend roughly 16.8% of their income on rent, less than the 17.3% in Urbana.

Climate-wise, Olney is notably warmer with an average of 59.3°F compared to 55.7°F in Urbana. Urbana receives more rainfall at 43.2" per year compared to 41.8" in Olney.