Severn, MD, shows a higher cost of living compared to the nationwide average, particularly in housing. The housing index stands at 122, which is 22% above the average. This suggests that housing costs in Severn are significantly higher than the national norm.
Other categories also reflect elevated costs. Groceries, for instance, are 5% higher at 105. Transportation costs are 10% above average, with an index of 110. Utilities and healthcare remain close to the average, while miscellaneous expenses are 2% higher. Overall, Severn's cost of living index is notably above the national average, especially in housing and groceries.
Severn, MD, presents a cost of living that is notably higher than the nationwide average in several key areas. Housing costs in Severn stand at 122, which is 22% above the national average. This means that housing expenses in Severn are significantly higher, making it a critical factor for potential residents to consider. Groceries in Severn are also slightly above the average, with an index of 105, indicating a 5% increase in grocery costs compared to the national average.
Utilities, however, are slightly more affordable, with an index of 95, which is 5% below the national average. This provides some relief for those living in Severn. Transportation costs are also higher, with an index of 110, reflecting a 10% increase over the national average. Healthcare costs in Severn match the national average at 100, offering no change in this category. Miscellaneous expenses are slightly higher, with an index of 102, showing a modest 2% increase. Overall, Severn, MD, presents a cost of living that is generally higher than the national average, particularly in housing and transportation.
