Cost of Living in Severna Park, MD
Population 39,499 · Maryland · Data vintage 2023
(100 = US avg)
Housing in Severna Park sits 108% above the national median — $634,000 for the typical home — but median household incomes near $168,091 (125% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.
Located 15 miles south of Baltimore, Severna Park falls within that metro's commuting orbit. Median home values run roughly 189% higher than Baltimore's $219,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Severna Park
The median home value in Severna Park is $633,600 — 108% above the national median of $305,000. Median rent runs $1,617/month, 23% higher than the national median of $1,314/month. The median household income of $168,091/year is 125% higher than the US median of $74,580. The local unemployment rate is 2.9%, 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, Severna Park has a cost of living index of 174 versus the US average of 100, meaning it is 74% more expensive.
🏠 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 Severna Park, MD?
Severna Park has a cost index of 174 (100 = national average). It is 74% above the national average.
What is average rent in Severna Park, MD?
The median gross rent in Severna Park is $1,617 per month based on 2023 Census data.
What is the average home price in Severna Park?
The median home value in Severna Park is $633,600 according to Zillow and Census data.
What is the median income in Severna Park?
The median household income in Severna Park is $168,091 per year (2023 ACS 5-year estimates).
What is the sales tax in Severna Park, MD?
The combined state and local sales tax rate in Severna Park is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Severna Park, MD affordable?
Severna Park is above average in cost of living, with an index of 174 — about 74% higher than the national average.
Severna Park at a Glance
- Population
- 39,499
- Median Income
- $168,091
- Home Value
- $633,600
- Median Rent
- $1,617/mo
- Unemployment
- 2.9%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Maryland Rankings
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