| Index | Cloverly | Maryland | National |
| Cost of living | 150 | 121 | 100 |
| Groceries | 106 | 105 | 100 |
| Health care | 111 | 109 | 100 |
| Housing | 249 | 151 | 100 |
| Transportation | 109 | 109 | 100 |
| Utilities | 109 | 108 | 100 |
| Lifestyle & Entertainment | 106 | 109 | 100 |
| Household Items | 106 | 105 | 100 |
| Education & Childcare | 110 | 112 | 100 |
Getting a feel for the cost of living in Cloverly is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Cloverly is 150, which is 50% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Cloverly is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Cloverly falls into this category, which may not align with your goal of finding a budget-friendly living environment.
When it comes to the cost of living in Cloverly, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 148.6% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Cloverly an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Cloverly, the median home price is 176.2% higher than what most folks pay across the country, and monthly rent prices are 84.3% higher than the usual rates. Income levels in Cloverly come in at $199,736, which is 145.6% higher than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Cloverly, the utilities index is 8.8% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Cloverly, the groceries index is 5.8% higher than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Cloverly, the transportation index stands at 9.2% higher than the national average.
The cost of living estimates displayed for Cloverly are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $214,764 | $17,897 | $5,011 | $6,444 |
| Renters | $81,314 | $6,776 | $1,897 | $2,440 |
| State | General Sales Tax | With Max Surtax |
| Maryland | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Maryland | 2% | 5.75% |
| City | Population | Cost of Living Index | National Avg. |
| Cottage City, MD | 1,193 | 105 | 5.5% |
| Woodlawn CDP (Prince George's County), MD | 8,071 | 110 | 9.6% |
| Seat Pleasant, MD | 4,929 | 132 | 32.1% |
| Woodlawn, MD | 42,611 | 113 | 13.2% |
| Landover, MD | 23,705 | 115 | 15.3% |
| Cloverly, MD | 16,545 | 150 | 50.1% |
| City | Population | Cost of Living Index | National Avg. |
| Griffith, IN | 16,547 | 93 | 7.1% |
| Crowley, TX | 16,542 | 100 | 0.4% |
| Ukiah, CA | 16,537 | 136 | 35.5% |
| Ripon, CA | 16,534 | 151 | 51.4% |
| Brunswick, ME | 16,566 | 109 | 9.1% |
| Cloverly, MD | 16,545 | 150 | 50.1% |
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