Severna Park, MD Cost Of Living
Cost Of Living In Severna Park, MD Summary
Cost of living in Severna Park 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 Severna Park 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 Severna Park is 152, with 100 being the average.
The cost of living index in Severna Park is 1.5x higher than the national average.
Severna Park ranks as the #172 cheapest in Maryland out of 194.
Severna Park ranks as the #5,746 cheapest out of 6,489 in the US.
The median home value in Severna Park is $729,614.
The median income in Severna Park is $168,091.
Table Of Contents
Severna Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Severna Park, MD?
According to the most recent data on the cost of living, Severna Park has an overall cost of living index of 152, which is 1.5x higher than the national index of 100.
Compared to Maryland, Severna Park has a cost of living index that's 1.3x higher than Maryland's index of 121.
The standard of living in Severna Park ranks as #172 most affordable out of the 194 places we measured in Maryland. By definition, that implies Severna Park ranks as the #22 most expensive place in the Old Line State.
For more reading on life in Severna Park, check out:
In Maryland
In America
Severna Park Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Severna Park. Here is how it fairs on each of the criteria:
The Services index in Severna Park is 105.
The Groceries index in Severna Park is 104.
The Health index in Severna Park is 100.
The Housing index in Severna Park is 254.
The Transportation index in Severna Park is 99.
The Utilities index in Severna Park is 113.
| Living Expense | Severna Park | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 152 | 121 | 100 | |
| Services | 105 | 105 | 100 | |
| Groceries | 104 | 107 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 254 | 150 | 100 | |
| Transportation | 99 | 99 | 100 | |
| Utilities | 113 | 113 | 100 | |
Severna Park, 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 2019-2023. The key points are:
The Median Home Value in Severna Park is $729,614.
The Median Rent in Severna Park is $1,617.
The Median Income in Severna Park is $168,091.
The Home Value To Income in Severna Park is 4.3x.
The Rent To Monthly Income in Severna Park is 0.12x.
| Statistic | Severna Park | Maryland | United States |
|---|---|---|---|
| Median Home Value | $729,614 | $427,628 | $303,400 |
| Median Rent | $1,617 | $1,662 | $1,348 |
| Median Income | $168,091 | $101,652 | $78,538 |
| Home Value To Income | 4.3x | 4.2x | 3.9x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Severna Park, MD Costs By Category
Detailed Severna Park Services Costs Vs. Maryland
| Item | Severna Park | Maryland |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $13.69 | $12.13 |
| Bowling | $23.03 | $18 |
| Haircut | $28.33 | $24.26 |
| Beauty Salon | $58.17 | $45.56 |
Detailed Severna Park Groceries Costs Vs. Maryland
| Item | Severna Park | Maryland |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.46 | $4.93 |
| Pizza | $13.24 | $12.09 |
| Beer | $10.36 | $10.41 |
| Toothpaste | $3.69 | $3.7 |
Detailed Severna Park Health Costs Vs. Maryland
| Item | Severna Park | Maryland |
|---|---|---|
| Optometrist | $114.22 | $125.68 |
| Doctor | $133.22 | $135.78 |
| Dentist | $117.22 | $113.29 |
Detailed Severna Park Transportation Costs Vs. Maryland
| Item | Severna Park | Maryland |
|---|---|---|
| Gasoline | $3.46 | $3.46 |
| Tire Balancing | $62.66 | $59.92 |
Detailed Severna Park Utilities Costs Vs. Maryland
| Item | Severna Park | Maryland |
|---|---|---|
| All Electricity | $223.91 | $193.99 |
| Phone | $199.62 | $192.25 |
Severna Park SnackAbility
/10
Cost Of Living In Cities Around Severna Park
The cost of living varies in the cities and towns around Severna Park. 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 131, 0.9x Severna Park.
Glen Burnie, MD has a cost of living index of 116, 0.8x Severna Park.
Bowie, MD has a cost of living index of 134, 0.9x Severna Park.
| City | Population | Cost Of Living | Vs. Severna Park |
|---|---|---|---|
| Columbia, MD | 105,871 | 131 | 0.9x |
| Glen Burnie, MD | 72,772 | 116 | 0.8x |
| Bowie, MD | 57,771 | 134 | 0.9x |
| Pasadena, MD | 32,717 | 128 | 0.8x |
| Crofton, MD | 29,878 | 143 | 0.9x |
| Ilchester, MD | 27,552 | 136 | 0.9x |
| Elkridge, MD | 26,183 | 131 | 0.9x |
| North Laurel, MD | 25,201 | 132 | 0.9x |
| Arnold, MD | 23,866 | 142 | 0.9x |
| Lake Shore, MD | 18,263 | 136 | 0.9x |
