Cost of Living in Spencerville, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
279.2
100 = national avg
+179.2 vs national average
Living Wage (1 Adult)
$122,861
per year
Living Wage (Family of 4)
$290,398
per year
Cost Index by Category
Housing312.2
Utilities163.7
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 Spencerville is 279.2, which is 179.2% above the national average. Housing costs are above the national average at an index of 312.2. A single adult needs to earn approximately $122,861 per year to cover basic expenses.