Olney, MD vs Waldorf, MD

There is a significant gap in the cost of living between these two cities. Waldorf is 26.7% cheaper than Olney. With a cost index of 129 vs 163, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waldorf to Olney should plan for substantially higher expenses across most categories.

On the housing front, median rent in Olney is $2,409/month compared to $1,949/month in Waldorf — a 24% difference. Home values follow the same pattern: Waldorf is more affordable at $383,100 median vs $632,400.

Median household income in Olney is $171,766 compared to $115,453 in Waldorf (+48.8%). While Olney 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 20.3% in Waldorf.

Climate-wise, both cities share similar average temperatures (59.3°F vs 59.3°F). Waldorf receives more rainfall at 41.8" per year compared to 41.8" in Olney.