Cost of Living in Owings, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
250.2
100 = national avg
+150.2 vs national average
Living Wage (1 Adult)
$110,098
per year
Living Wage (Family of 4)
$260,232
per year
Cost Index by Category
Housing311.5
Food180.8
Transportation261.7
Healthcare164.7
Utilities190.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,851
per month
2 Bedroom
$2,083
per month
The overall cost of living index in Owings is 250.2, which is 150.2% above the national average. Housing costs are above the national average at an index of 311.5. A single adult needs to earn approximately $110,098 per year to cover basic expenses.