Cost of Living in Chestertown, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.2
100 = national avg
+4.2 vs national average
Living Wage (1 Adult)
$45,855
per year
Living Wage (Family of 4)
$108,384
per year
Cost Index by Category
Housing145.2
Food86.0
Transportation71.9
Healthcare88.8
Utilities100.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,137
per month
2 Bedroom
$1,246
per month
The overall cost of living index in Chestertown is 104.2, which is 4.2% above the national average. Housing costs are above the national average at an index of 145.2. A single adult needs to earn approximately $45,855 per year to cover basic expenses.