Cost of Living in Charlestown, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
158.7
100 = national avg
+58.7 vs national average
Living Wage (1 Adult)
$69,816
per year
Living Wage (Family of 4)
$165,021
per year
Cost Index by Category
Housing177.3
Food133.8
Transportation167.6
Healthcare127.0
Utilities135.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,520
per month
2 Bedroom
$1,810
per month
The overall cost of living index in Charlestown is 158.7, which is 58.7% above the national average. Housing costs are above the national average at an index of 177.3. A single adult needs to earn approximately $69,816 per year to cover basic expenses.