Cost of Living in New Market, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
241.5
100 = national avg
+141.5 vs national average
Living Wage (1 Adult)
$106,253
per year
Living Wage (Family of 4)
$251,143
per year
Cost Index by Category
Housing239.1
Food200.0
Transportation302.8
Healthcare181.1
Utilities188.6
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 New Market is 241.5, which is 141.5% above the national average. Housing costs are above the national average at an index of 239.1. A single adult needs to earn approximately $106,253 per year to cover basic expenses.