Severn, MD, shows a higher cost of living compared to the nationwide average. Housing costs 20% more, and groceries are 10% higher. Utilities, transportation, and miscellaneous expenses also exceed the national average, making Severn an expensive place to live.
The cost of living index for Severn, MD, stands at 111. This means overall expenses are 11% above the national average. Job seekers should consider these higher costs when planning their budget.
Severn, MD, shows a cost of living index that is higher than the nationwide average in several key areas. Housing costs in Severn are 20% higher than the national average, with an index of 120. This means that housing expenses, such as rent or mortgage payments, are significantly more expensive for residents compared to the average American. Groceries also cost more, with an index of 110, indicating a 10% increase over the national average. This suggests that everyday food purchases are pricier in Severn.
Transportation costs in Severn are 15% higher than the national average, with an index of 115. This includes expenses related to owning and maintaining a vehicle, as well as public transportation costs. Utilities, however, are only slightly higher, with an index of 105, representing a 5% increase. Healthcare costs in Severn match the national average, with an index of 100, meaning there is no difference in this category. Miscellaneous expenses, which include items like clothing and entertainment, are 8% higher, with an index of 108. Overall, Severn's cost of living is notably higher than the national average in several important areas.
