Cost of Living in Fairwood, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
286.1
100 = national avg
+186.1 vs national average
Living Wage (1 Adult)
$125,885
per year
Living Wage (Family of 4)
$297,546
per year
Cost Index by Category
Housing374.9
Food196.2
Transportation292.5
Healthcare177.0
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Fairwood is 286.1, which is 186.1% above the national average. Housing costs are above the national average at an index of 374.9. A single adult needs to earn approximately $125,885 per year to cover basic expenses.