Severn, MD Cost Of Living
Cost Of Living In Severn, MD Summary
Cost of living in Severn research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Severn is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Severn is 127, with 100 being the average.
The cost of living index in Severn is 1.3x higher than the national average.
Severn ranks as the #118 cheapest in Maryland out of 188.
Severn ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Severn is $380,300.
The median income in Severn is $115,481.
Table Of Contents
Severn's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Severn, MD?
According to the most recent data on the cost of living, Severn has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Maryland, Severn has a cost of living index that's 1.1x higher than Maryland's index of 120.
The standard of living in Severn ranks as #118 most affordable out of the 188 places we measured in Maryland. By definition, that implies Severn ranks as the #70 most expensive place in the Old Line State.
For more reading on life in Severn, check out:
- Living In Severn
- Search Homes For Sale In Severn, MD
In Maryland
In America
Severn Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Severn. Here is how it fairs on each of the criteria:
The Services index in Severn is 103.
The Groceries index in Severn is 111.
The Health index in Severn is 83.
The Housing index in Severn is 176.
The Transportation index in Severn is 99.
The Utilities index in Severn is 107.
| Living Expense | Severn | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 127 | 120 | 100 | |
| Services | 103 | 109 | 100 | |
| Groceries | 111 | 108 | 100 | |
| Health | 83 | 92 | 100 | |
| Housing | 176 | 156 | 100 | |
| Transportation | 99 | 100 | 100 | |
| Utilities | 107 | 108 | 100 | |
Severn, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Severn is $380,300.
The Median Rent in Severn is $1,830.
The Median Income in Severn is $115,481.
The Home Value To Income in Severn is 3.3x.
The Rent To Monthly Income in Severn is 0.19x.
| Statistic | Severn | Maryland | United States |
|---|---|---|---|
| Median Home Value | $380,300 | $338,500 | $244,900 |
| Median Rent | $1,830 | $1,485 | $1,163 |
| Median Income | $115,481 | $91,431 | $69,021 |
| Home Value To Income | 3.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Severn, MD Costs By Category
Detailed Severn Services Costs Vs. Maryland
Detailed Severn Groceries Costs Vs. Maryland
Detailed Severn Health Costs Vs. Maryland
Detailed Severn Transportation Costs Vs. Maryland
Detailed Severn Utilities Costs Vs. Maryland
Severn SnackAbility
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Cost Of Living In Cities Around Severn
The cost of living varies in the cities and towns around Severn. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, MD has a cost of living index of 129, 1.0x Severn.
Glen Burnie, MD has a cost of living index of 112, 0.9x Severn.
Odenton, MD has a cost of living index of 123, 1.0x Severn.
| City | Population | Cost Of Living | Vs. Severn |
|---|---|---|---|
| Columbia, MD | 105,086 | 129 | 1.0x |
| Glen Burnie, MD | 69,739 | 112 | 0.9x |
| Odenton, MD | 43,488 | 123 | 1.0x |
| Ilchester, MD | 27,513 | 133 | 1.0x |
| North Laurel, MD | 24,233 | 129 | 1.0x |
| Elkridge, MD | 24,115 | 127 | 1.0x |
| Ferndale, MD | 17,113 | 111 | 0.9x |
| Cloverly, MD | 16,473 | 146 | 1.1x |
| Kemp Mill, MD | 14,509 | 141 | 1.1x |
| Colesville, MD | 14,468 | 140 | 1.1x |
