Cost of Living in Severna Park, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
219.0
100 = national avg
+119.0 vs national average
Living Wage (1 Adult)
$96,366
per year
Living Wage (Family of 4)
$227,773
per year
Cost Index by Category
Housing232.9
Food178.5
Transportation257.0
Healthcare162.8
Utilities173.7
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 Severna Park is 219.0, which is 119.0% above the national average. Housing costs are above the national average at an index of 232.9. A single adult needs to earn approximately $96,366 per year to cover basic expenses.