Savage, MD Cost Of Living

Demographics | Cost Of Living
Updated: 2020-03-08
Savage's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Savage is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Savage, MD?

According to the most recent data on the cost of living, Savage has an overall cost of living index of 122 which is 1.2x higher than the national index of 100.

Compared to only Maryland, Savage has a cost of living index that's 1.0x higher than Maryland's index of 121.

The standard of living in Savage ranks as #4919 most affordable out of the 6522 places we measured in Maryland. By definition, that implies Savage ranks as the #1487 most expensive place in the Old Line State.

For more reading on life in Savage, check out:

Savage Cost Of Living Vs. Maryland

Living Expense Savage Maryland National Average
Overall 122 121 100
Services 105 108 100
Groceries 116 119 100
Health 84 86 100
Housing 162 150 100
Transportation 102 108 100
Utilities 104 108 100
For more reading on cost of living around Maryland, check out:
Savage Cost of Living Vs. MD

Savage, MD Housing Cost Breakdown

Housing swings affordability the most between places in Maryland, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Savage Maryland United States
Median Home Value $326,800 $305,500 $204,900
Median Rent $1,485 $1,357 $1,023
Median Income $94,929 $81,868 $60,293
Home Value To Income 3.4x 3.7x 3.4x
Rent To Monthly Income 0.19x 0.2x 0.2x

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Cost Of Living In Cities Around Savage

City Population Cost Of Living Vs. Savage
Columbia, MD 103,663 130 1.1x
Olney, MD 35,280 149 1.2x
Ilchester, MD 26,647 132 1.1x
Laurel, MD 25,834 122 1.0x
North Laurel, MD 24,621 128 1.0x
Elkridge, MD 20,519 125 1.0x
Colesville, MD 13,894 140 1.1x
Kemp Mill, MD 13,838 140 1.1x
Fort Meade, MD 10,297 118 1.0x
Chevy Chase, MD 9,611 202 1.7x

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