Cost of Living in Randallstown, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
139.5
100 = national avg
+39.5 vs national average
Living Wage (1 Adult)
$61,377
per year
Living Wage (Family of 4)
$145,072
per year
Cost Index by Category
Housing165.4
Food117.7
Transportation132.5
Healthcare114.1
Utilities123.7
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 Randallstown is 139.5, which is 39.5% above the national average. Housing costs are above the national average at an index of 165.4. A single adult needs to earn approximately $61,377 per year to cover basic expenses.