Cost of Living in Silver Hill, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
120.6
100 = national avg
+20.6 vs national average
Living Wage (1 Adult)
$53,047
per year
Living Wage (Family of 4)
$125,383
per year
Cost Index by Category
Housing162.6
Food97.1
Transportation94.1
Healthcare97.6
Utilities110.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,015
per month
2 Bedroom
$2,246
per month
The overall cost of living index in Silver Hill is 120.6, which is 20.6% above the national average. Housing costs are above the national average at an index of 162.6. A single adult needs to earn approximately $53,047 per year to cover basic expenses.