Mount Savage, MD Cost of Living


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How much do I need to live in Mount Savage, Maryland?
$1,710 / month
for a family, 68.3% less expensive than the national average A total of $20,520 for the year for a family.
$2,467 / month
for a single person, 48.2% less expensive than the national average A total of $29,600 for the year for a single person.

Mount Savage cost of living score
73.2
Less expensive
26.8% lower
than the US average
34.5% lower
than the Maryland average
Mount Savage, Maryland gets a BestPlaces Cost of Living score of 73.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.8% lower than the U.S. average and 34.5% lower than the average for Maryland.

Mount Savage, MD

Housing costs in Mount Savage?
A typical home costs $107,800, which is 68.1% less expensive than the national average of $338,100 and 72.2% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Mount Savage costs $930 per month, which is 35.0% cheaper than the national average of $1,430 and 74.2% cheaper than the state average of $1,620.

Can I afford Mount Savage?
To live comfortably in Mount Savage, Maryland, a minimum annual income of $20,520 for a family, and $29,600 for a single person is recommended.

What does A.I. say about Mount Savage?
The cost of living in Mount Savage, MD is quite reasonable. The median home value is $76,400 and the median rent is only $732 per month, making it an affordable option for those looking to move away from more expensive areas. Additionally, groceries, transportation costs, and healthcare are all relatively low priced compared to national averages. The area also has a variety of local stores and restaurants that offer good prices on food and products. Overall, Mount Savage is an attractive option for those looking for a place to live as it offers a great quality of life at a reasonable cost.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMount SavageMarylandUnited States
    Unlock111.8100.0
  99.3  Unlock100.0
    Unlock84.2100.0
  24.5  Unlock100.0
    Unlock$388,100$338,100
  87.8  Unlock100.0
    Unlock119.3100.0
  80.6  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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