Cost of Living in Wildewood, MD

Population 7,765 · Maryland · Data vintage 2023

133
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Wildewood is a smaller Maryland community of around 8000 residents, where median household incomes of $124,247 and housing costs ($363,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 1.2% — below most comparable cities in the state.

Wildewood is about 45 miles southeast of Alexandria, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 48% lower than Alexandria's $697,000.

Cost Overview

Housing 119
Rent 155

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Wildewood

The median home value in Wildewood is $363,100 — 19% above the national median of $305,000. Median rent runs $2,036/month, 55% higher than the national median of $1,314/month. The median household income of $124,247/year is 67% higher than the US median of $74,580. The local unemployment rate is 1.2%, 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%. The climate averages highs of 66.7°F and lows of 49.8°F, with about 12.5" of annual snowfall. Overall, Wildewood has a cost of living index of 133 versus the US average of 100, meaning it is 33% more expensive.

🏠 Housing

Median Home Value
$363,100
19% above avg
Median Rent
$2,036/mo
55% above avg
Price-to-Rent Ratio
14.9x
Favors buying
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,407
1 BR
$1,604
2 BR
$1,898
3 BR
$2,407
4 BR
$2,822
Owner-occupied 62.4%
Renter-occupied 37.6%

💰 Estimated Monthly Budget

Rent median rent
$2,036
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,650/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
40.0 min
48% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.4%

Commute Mode

Drove alone
79.1%
Carpooled
1.8%
Walked
1.7%
Work from home
17.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$124,247
67% above avg
Per Capita Income
$55,374
Unemployment Rate
1.2%
74% below avg
Poverty Rate
7.0%
Labor Force Participation
69.0%

🎓 Education

Bachelor's degree+ 30.8%
Graduate degree 24.1%

👥 Demographics

Median Age 36.1
Male median age 34.3
Female median age 40.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
66.7°F
Avg Low
49.8°F
Annual Precip
45.3"
Annual Snowfall
12.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 454855667583878579695850
Low °F 303137475766716963524134
Precip" 2.912.844.003.683.664.274.494.664.154.033.073.54
Snow" 3.96.01.30.00.00.00.00.00.00.00.01.3

Frequently Asked Questions

What is the cost of living in Wildewood, MD?

Wildewood has a cost index of 133 (100 = national average). It is 33% above the national average.

What is average rent in Wildewood, MD?

The median gross rent in Wildewood is $2,036 per month based on 2023 Census data.

What is the average home price in Wildewood?

The median home value in Wildewood is $363,100 according to 2023 Census ACS data.

What is the median income in Wildewood?

The median household income in Wildewood is $124,247 per year (2023 ACS 5-year estimates).

What is the sales tax in Wildewood, MD?

The combined state and local sales tax rate in Wildewood is 6.0%. The Maryland state income tax top rate is 5.8%.

Is Wildewood, MD affordable?

Wildewood is above average in cost of living, with an index of 133 — about 33% higher than the national average.

What is the weather like in Wildewood?

Wildewood has average high temperatures of 66.7°F and average lows of 49.8°F. Annual precipitation is 45.3". Average annual snowfall is 12.5". Data from NOAA 1991–2020 Climate Normals.

Wildewood at a Glance

Population
7,765
Median Income
$124,247
Home Value
$363,100
Median Rent
$2,036/mo
Unemployment
1.2%
Avg High Temp
66.7°F
Sales Tax
6.0%
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