Cost of Living in Severn, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
183.4
100 = national avg
+83.4 vs national average
Living Wage (1 Adult)
$80,683
per year
Living Wage (Family of 4)
$190,706
per year
Cost Index by Category
Housing228.9
Food149.8
Transportation141.8
Healthcare139.9
Utilities155.7
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 Severn is 183.4, which is 83.4% above the national average. Housing costs are above the national average at an index of 228.9. A single adult needs to earn approximately $80,683 per year to cover basic expenses.