Cost of Living in Elkton, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
111.7
100 = national avg
+11.7 vs national average
Living Wage (1 Adult)
$49,134
per year
Living Wage (Family of 4)
$116,136
per year
Cost Index by Category
Housing147.8
Food93.2
Transportation86.5
Healthcare94.6
Utilities105.5
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 Elkton is 111.7, which is 11.7% above the national average. Housing costs are above the national average at an index of 147.8. A single adult needs to earn approximately $49,134 per year to cover basic expenses.