Cost of Living in Essex, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
115.8
100 = national avg
+15.8 vs national average
Living Wage (1 Adult)
$50,939
per year
Living Wage (Family of 4)
$120,402
per year
Cost Index by Category
Housing139.6
Food101.3
Transportation102.5
Healthcare101.0
Utilities108.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,511
per month
2 Bedroom
$1,857
per month
The overall cost of living index in Essex is 115.8, which is 15.8% above the national average. Housing costs are above the national average at an index of 139.6. A single adult needs to earn approximately $50,939 per year to cover basic expenses.