Cost of Living in Towson, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
159.2
100 = national avg
+59.2 vs national average
Living Wage (1 Adult)
$70,053
per year
Living Wage (Family of 4)
$165,581
per year
Cost Index by Category
Housing210.6
Food126.8
Transportation116.6
Healthcare121.4
Utilities138.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,511
per month
2 Bedroom
$1,857
per month
The overall cost of living index in Towson is 159.2, which is 59.2% above the national average. Housing costs are above the national average at an index of 210.6. A single adult needs to earn approximately $70,053 per year to cover basic expenses.