Severn, MD Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
127
Severn's Overall Cost Of Living
1.3x
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:

118 out of 188
In Maryland
5,140 out of 6,412
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
For more reading on cost of living around Maryland, check out:
Severn Cost of Living Vs. MD

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
Search Homes For Sale In Severn, MD
$380,300
Median Home Value
$1,830
Median Rent
$115,481
Median Income

Severn, MD Costs By Category

Detailed Severn Services Costs Vs. Maryland

Item Severn Maryland
Shampoo $1.0 $1.06
Movie $13.19 $10.68
Bowling $17.08 $14.67
Haircut $22.28 $18.62
Beauty Salon $52.83 $39.05

Detailed Severn Groceries Costs Vs. Maryland

Item Severn Maryland
Ground Beef $4.27 $4.22
Fried Chicken $1.66 $1.39
Milk $2.39 $2.05
Potatoes $4.1 $3.29
Pizza $11.99 $10.62
Beer $9.19 $9.38
Toothpaste $4.47 $2.34

Detailed Severn Health Costs Vs. Maryland

Item Severn Maryland
Optometrist $82.95 $108.57
Doctor $93.69 $116.17
Dentist $84.98 $99.13

Detailed Severn Transportation Costs Vs. Maryland

Item Severn Maryland
Gasoline $2.15 $2.22
Tire Balancing $54.77 $50.07

Detailed Severn Utilities Costs Vs. Maryland

Item Severn Maryland
All Electricity $176.72 $167.67
Phone $192.13 $175.64

Severn SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
7
Diversity
10
Safety
N/A
Amenities
9
Education
8.5
Commute
5

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

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