Cost of Living in Hampstead, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
138.1
100 = national avg
+38.1 vs national average
Living Wage (1 Adult)
$60,748
per year
Living Wage (Family of 4)
$143,586
per year
Cost Index by Category
Housing145.2
Food124.0
Transportation148.0
Healthcare119.2
Utilities123.4
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 Hampstead is 138.1, which is 38.1% above the national average. Housing costs are above the national average at an index of 145.2. A single adult needs to earn approximately $60,748 per year to cover basic expenses.