Cost of Living in McCoole, MD

Cost indexes, living wages, and fair market rents — 2024 Data

Cost of Living Overview

Overall Index

87.1

100 = national avg

-12.9 vs national average

Living Wage (1 Adult)

$38,305

per year

Living Wage (Family of 4)

$90,538

per year

Cost Index by Category

Housing
78.6
Food
94.4
Transportation
88.7
Healthcare
95.5
Utilities
92.3

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$823

per month

2 Bedroom

$973

per month

The overall cost of living index in McCoole is 87.1, which is 12.9% below the national average. Housing costs are below the national average at an index of 78.6. A single adult needs to earn approximately $38,305 per year to cover basic expenses.