Cost of Living in University Park, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
264.0
100 = national avg
+164.0 vs national average
Living Wage (1 Adult)
$116,161
per year
Living Wage (Family of 4)
$274,561
per year
Cost Index by Category
Housing300.9
Food200.0
Transportation302.0
Healthcare180.8
Utilities200.0
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 University Park is 264.0, which is 164.0% above the national average. Housing costs are above the national average at an index of 300.9. A single adult needs to earn approximately $116,161 per year to cover basic expenses.