Cost of Living in Lake Shore, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
183.2
100 = national avg
+83.2 vs national average
Living Wage (1 Adult)
$80,605
per year
Living Wage (Family of 4)
$190,521
per year
Cost Index by Category
Housing210.8
Food147.4
Transportation194.8
Healthcare137.9
Utilities150.6
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 Lake Shore is 183.2, which is 83.2% above the national average. Housing costs are above the national average at an index of 210.8. A single adult needs to earn approximately $80,605 per year to cover basic expenses.