Cost of Living in Sharptown, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
116.7
100 = national avg
+16.7 vs national average
Living Wage (1 Adult)
$51,338
per year
Living Wage (Family of 4)
$121,345
per year
Cost Index by Category
Housing108.4
Food115.2
Transportation130.5
Healthcare112.2
Utilities110.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,061
per month
2 Bedroom
$1,378
per month
The overall cost of living index in Sharptown is 116.7, which is 16.7% above the national average. Housing costs are above the national average at an index of 108.4. A single adult needs to earn approximately $51,338 per year to cover basic expenses.