Cost of Living in St. Michaels, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
129.8
100 = national avg
+29.8 vs national average
Living Wage (1 Adult)
$57,121
per year
Living Wage (Family of 4)
$135,013
per year
Cost Index by Category
Housing165.1
Food106.4
Transportation112.9
Healthcare105.1
Utilities116.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,282
per month
2 Bedroom
$1,409
per month
The overall cost of living index in St. Michaels is 129.8, which is 29.8% above the national average. Housing costs are above the national average at an index of 165.1. A single adult needs to earn approximately $57,121 per year to cover basic expenses.