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Olney, MD Utility & Living Guide
Living in Olney, MD offers a unique blend of suburban tranquility and access to urban amenities, making it an attractive choice for families and professionals alike
Monthly Utility Costs
$140/mo
$60/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1500/mo |
| 2 Bedrooms | $1900/mo |
| 3 Bedrooms | $2500/mo |
| Median Home Price | $420,000 |
| Property Tax Rate | 1.1% |
| Avg Childcare/mo | $1200 |
The housing market in Olney is competitive, with a mix of older and newer homes, and a strong demand for properties with good schools and commute options. The area has seen significant growth in recent years, with new developments and renovations. However, this growth has also led to increased traffic and congestion in some areas
Cost of Living
110
+10% above national average
105
102
105
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6% |
| Property Tax Rate | 1.1% |
| <p>State 6% + County 0% + City 0%</p> | |
Maryland has a progressive income tax system, with rates ranging from 2% to 5.75%, and Olney residents are subject to these state taxes
Family & Relocation
60
7.5/10
$1200/mo
City Pulse
Olney has a relatively stroller-friendly public transit system, with accessible buses and a growing network of sidewalks and bike lanes
- Olney Theatre
- Brookside Gardens
- Wheaton Regional Park
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Olney based on your household profile.
📰 Live Local News
Olney has regulations regarding zoning, noise ordinances, and environmental protection, which are enforced by Montgomery County
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Olney — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
In Olney, utility costs tend to be higher in the summer months due to air conditioning usage, with average electricity bills increasing by 20-30% from June to August. In the winter, heating costs are relatively low due to the area's mild climate, but can still increase by 10-20% from December to February
🏛️ Local Tax Details
The ZIP code 20832 has a property tax millage rate of 1.05%, with no local surtaxes
👶 Family & Stroller Friendliness
8/10, with good sidewalk quality, ample park access, and relatively easy elevator access in transit, but some areas with limited family infrastructure and rough roads
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