Cost of Living in Savage, MD
Population 8,284 · Maryland · Data vintage 2023
(100 = US avg)
Savage sits on the smaller end of the Maryland city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located <5 miles southeast of Columbia, Savage falls within that metro's commuting orbit. Median home values run roughly 16% lower than Columbia's $480,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Savage
The median home value in Savage is $405,600 — 33% above the national median of $305,000. Median rent runs $2,106/month, 60% higher than the national median of $1,314/month. The median household income of $117,353/year is 57% higher than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Savage has a cost of living index of 144 versus the US average of 100, meaning it is 44% more expensive.
Savage has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Savage, MD?
Savage has a cost index of 144 (100 = national average). It is 44% above the national average.
What is average rent in Savage, MD?
The median gross rent in Savage is $2,106 per month based on 2023 Census data.
What is the average home price in Savage?
The median home value in Savage is $405,600 according to Zillow and Census data.
What is the median income in Savage?
The median household income in Savage is $117,353 per year (2023 ACS 5-year estimates).
What is the sales tax in Savage, MD?
The combined state and local sales tax rate in Savage is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Savage, MD affordable?
Savage is above average in cost of living, with an index of 144 — about 44% higher than the national average.
Savage at a Glance
- Population
- 8,284
- Median Income
- $117,353
- Home Value
- $405,600
- Median Rent
- $2,106/mo
- Unemployment
- 4.1%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Maryland Rankings
Similar Cost Cities
Cities in other states with comparable housing costs