Cost of Living in Paramount-Long Meadow, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
145.4
100 = national avg
+45.4 vs national average
Living Wage (1 Adult)
$63,959
per year
Living Wage (Family of 4)
$151,176
per year
Cost Index by Category
Housing162.2
Food127.8
Transportation139.8
Healthcare122.2
Utilities129.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$961
per month
2 Bedroom
$1,261
per month
The overall cost of living index in Paramount-Long Meadow is 145.4, which is 45.4% above the national average. Housing costs are above the national average at an index of 162.2. A single adult needs to earn approximately $63,959 per year to cover basic expenses.