Cost of Living in Ellicott City
A Comprehensive Financial Analysis of Howard County’s Premier Residential Enclave.
Ellicott City, Maryland, is a destination where historic charm meets modern economic opportunity. While the cost of living sits 23% higher than the national average, this figure is consistent with the prestige of Howard County and the high earning potential of its residents. For those moving to the area, understanding the balance between premium housing and localized savings is key.
| Category | Ellicott City Metric | vs. National Average |
|---|---|---|
| Median Home Price | $525,430 | Premium (+27%) |
| Average Annual Salary | $69,155 | Robust High-Earning |
| Healthcare Costs | -10% Savings | Below National Avg |
| Unemployment Rate | 3% | Highly Stable Market |
The Housing Market Brief
The housing market in Ellicott City reflects the area's intense desirability. While the national median home price sits near $412,000, Ellicott City carries a premium median of $525,430, a 2.3% increase over the last year. Competition remains fierce, with 51.9% of homes selling over list price—driven largely by the 82% of buyers who are local residents committed to staying in the community.
Regional Cost Comparison
When evaluating Ellicott City, it is helpful to contrast it with its neighbors. Your choice of city defines your financial and urban experience in Maryland:
| City | Median House Price | Living Cost vs Nat. Avg |
|---|---|---|
| Baltimore | $167,300 | +16% |
| Columbia | $385,900 | +21% |
| Ellicott City | $525,430 | +23% |
Utilities, Food, & Transit
Residents should budget for utilities approximately 5% above the national average, with energy bills averaging $184.78 per month. Groceries also carry a 14% premium. However, these are offset by Healthcare costs that are 10% lower than the national average—with doctor visits averaging $112 and veterinary visits at just $66.
Expert Guidance in Howard County
Navigating Ellicott City's unique market dynamics requires a partner with deep local roots. William Weeks, a native with a background in both residential and commercial real estate, provides the professional integrity and market intelligence needed to secure your dream home.
Explore Ellicott City Homes
