Cost of Living in Owings Mills, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
150.5
100 = national avg
+50.5 vs national average
Living Wage (1 Adult)
$66,226
per year
Living Wage (Family of 4)
$156,533
per year
Cost Index by Category
Housing189.9
Food121.9
Transportation128.9
Healthcare117.5
Utilities131.1
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 Owings Mills is 150.5, which is 50.5% above the national average. Housing costs are above the national average at an index of 189.9. A single adult needs to earn approximately $66,226 per year to cover basic expenses.