Cost of Living in Severn, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.5
100 = national avg
-18.5 vs national average
Living Wage (1 Adult)
$35,847
per year
Living Wage (Family of 4)
$84,729
per year
Cost Index by Category
Housing74.2
Food89.9
Transportation79.8
Healthcare91.9
Utilities88.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$741
per month
2 Bedroom
$972
per month
The overall cost of living index in Severn is 81.5, which is 18.5% below the national average. Housing costs are below the national average at an index of 74.2. A single adult needs to earn approximately $35,847 per year to cover basic expenses.