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2024 BEA RPP All 4 categories Federal source

Lexington Park, MD

Cost-of-living indicators for Lexington Park, MD, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 30500 · Data year: 2024 · Rank: #74 of 387

Lexington Park, MD has a cost of living index of 100.8, meaning it's 0.8% more expensive than the national average. Goods cost 0.3% less, services 6.4% more, and rents are 3.8% above average. A $100K national salary has the purchasing power of $99,246 here.

What the Numbers Mean for Lexington Park

Lexington Park ranks #74 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the top quartile for cost. With an overall Regional Price Parity of 100.8, Lexington Park, MD is 0.8% more expensive than the national baseline of 100. The gap between Lexington Park's most and least expensive categories — services at 106.4 versus goods at 99.7 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $99,246 inside Lexington Park, while a household needs roughly $100,760 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 103.8 — 3.8% above the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Lexington Park's overall index has fallen by 2.2 points, improving relative affordability. For the 2024 data year, goods are indexed at 99.7 and services at 106.4, meaning everyday spending in Lexington Park is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Lexington Park Cost Index at a Glance

Lexington Park all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg100100.8

Lexington Park category breakdown

BEA RPP composition by goods, services, rents, overall

Rents103.809Services106.4Goods99.663Overall100.76

Price Index Summary

Overall

100.8

+0.8 above avg

Goods

99.7

-0.3 below avg

Services

106.4

+6.4 above avg

Rents

103.8

+3.8 above avg

Price Index vs National Average (100)

Overall
National avg

Index 100.8 (+0.8 vs national avg)

Goods
National avg

Index 99.7 (-0.3 vs national avg)

Services
National avg

Index 106.4 (+6.4 vs national avg)

Rents
National avg

Index 103.8 (+3.8 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Above National Average

Services +6.4% (106.4)
Rents +3.8% (103.8)
Overall +0.8% (100.8)

Below National Average

Goods -0.3% (99.7)

Income Adequacy in Lexington Park

Lexington Park income adequacy score

$75,000 median income vs RPP 100.8

0/100100/10099/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$100,760

in Lexington Park, MD purchasing power

$50,000 nationally
$50,380
$75,000 nationally
$75,570
$125,000 nationally
$125,950
$150,000 nationally
$151,140
$200,000 nationally
$201,520

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has been trending downward, decreasing by 2.2 points over this period.

Year Overall
2008 103.0
2009 101.1
2010 102.8
2011 104.0
2012 102.6
2013 103.7
2014 103.4
2015 104.3
2016 103.3
2017 98.0
2018 100.6
2019 99.1
2020 101.4
2021 99.0
2022 103.1
2023 102.7
2024 100.8

Metros with Similar Cost of Living

These metros have an overall RPP closest to Lexington Park, MD's index of 100.8.

Related Data for Lexington Park

Frequently Asked Questions

What is the cost of living in Lexington Park, MD?
Lexington Park, MD has a Regional Price Parity (RPP) index of 100.8, meaning it is 0.8% more expensive than the national average. Goods are indexed at 99.7, services at 106.4, and rents at 103.8. It ranks #74 out of 387 U.S. metro areas by overall cost.
What salary do I need in Lexington Park, MD to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $100,760 in Lexington Park, MD. Conversely, $100K earned in Lexington Park, MD has the purchasing power of $99,246 at the national average.
How expensive is rent in Lexington Park, MD?
Rents in Lexington Park, MD are indexed at 103.8, which is 3.8% above the national average. This is close to the U.S. average.
Is Lexington Park, MD getting more expensive?
From 2008 to 2024, Lexington Park, MD's overall cost index changed by -2.2 points (from 103.0 to 100.8). The cost of living has been declining.
What costs the most in Lexington Park, MD?
The most expensive category in Lexington Park, MD is services at 106.4, which is 6.4% above the national average. The most affordable category is goods at 99.7, 0.3% below average.
What metros have a similar cost of living to Lexington Park, MD?
Metros with the most similar overall cost index include Kingston, Colorado Springs, Redding. These areas have RPP values within a few points of Lexington Park, MD's 100.8.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page