Cost of Living in Smith Island, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.3
100 = national avg
-3.7 vs national average
Living Wage (1 Adult)
$42,364
per year
Living Wage (Family of 4)
$100,134
per year
Cost Index by Category
Housing58.6
Food113.0
Transportation126.0
Healthcare110.4
Utilities99.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$907
per month
2 Bedroom
$1,167
per month
The overall cost of living index in Smith Island is 96.3, which is 3.7% below the national average. Housing costs are below the national average at an index of 58.6. A single adult needs to earn approximately $42,364 per year to cover basic expenses.