Cost of Living in Oakland, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.2
100 = national avg
-5.8 vs national average
Living Wage (1 Adult)
$41,470
per year
Living Wage (Family of 4)
$98,019
per year
Cost Index by Category
Housing94.6
Food95.8
Transportation91.6
Healthcare96.6
Utilities96.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$864
per month
2 Bedroom
$973
per month
The overall cost of living index in Oakland is 94.2, which is 5.8% below the national average. Housing costs are below the national average at an index of 94.6. A single adult needs to earn approximately $41,470 per year to cover basic expenses.