Cheapest Places to Live in Maryland

Maryland, with its diverse landscapes, historic sites, and vibrant cities, offers a range of living experiences. Landmarks such as the Chesapeake Bay, Fort McHenry, and the U.S. Naval Academy in Annapolis highlight the state's rich history. The state's economy is robust, driven by sectors such as biotechnology, healthcare, and education. Maryland's tax structure includes relatively high income and property taxes, which can impact the overall affordability for residents. Despite recent inflation and rising food costs, Maryland remains one of the more affordable states in the Mid-Atlantic region, especially in its smaller towns and rural areas. The combination of a diverse economy and manageable living costs makes Maryland an attractive place for those seeking affordability and quality of life.

Affordable living in Maryland can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a key factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in Maryland include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Utilizing C2ER's cost of living data helps to identify these affordable regions, ensuring that potential residents can make informed decisions. In a state known for its rich history and economic opportunities, finding affordable living options enhances the overall living experience.

Cumberland Population: 19,495 28% cheaper than Maryland average
Med. Home Value: $104,200 Med. Rent: $693 Med. Household Inc.: $40,888
With a cost of living index that is 28% cheaper than the state average, Cumberland is the cheapest place to live in Maryland. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Cumberland provides an inviting and cost-effective environment to call home.
Cresaptown Population: 5,584 25% cheaper than Maryland average
Med. Home Value: $132,800 Med. Rent: $736 Med. Household Inc.: $47,218
The second most affordable city in Maryland is Cresaptown and stands out for its cost-effective lifestyle. With an overall cost of living that is 25% cheaper than the Maryland average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.
Frostburg Population: 8,550 24% cheaper than Maryland average
Med. Home Value: $144,300 Med. Rent: $730 Med. Household Inc.: $40,781
Frostburg lands in the #3 spot for the cheapest cities to live in Maryland, with a cost of living that is 24% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.
Cambridge Population: 12,300 16% cheaper than Maryland average
Med. Home Value: $173,800 Med. Rent: $847 Med. Household Inc.: $39,063
The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Cambridge offers a picturesque and affordable living environment, with a cost of living that is 16% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .
Salisbury Population: 32,850 15% cheaper than Maryland average
Med. Home Value: $167,800 Med. Rent: $1,061 Med. Household Inc.: $44,474
For those wanting to live well on a budget, Salisbury is ideal, with a cost of living that is 15% cheaper than the state average. Reasonable housing prices (compared to the Maryland average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.
Hagerstown Population: 40,027 15% cheaper than Maryland average
Med. Home Value: $160,000 Med. Rent: $864 Med. Household Inc.: $41,905
Hagerstown comes in at #6 on our list of the cheapest cities in Maryland and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 15% cheaper than Maryland. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.
Dundalk Population: 63,826 14% cheaper than Maryland average
Med. Home Value: $156,300 Med. Rent: $1,178 Med. Household Inc.: $55,489
With its cost-effective lifestyle, Dundalk is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.
Fruitland Population: 5,281 14% cheaper than Maryland average
Med. Home Value: $165,300 Med. Rent: $1,240 Med. Household Inc.: $52,392
A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Fruitland fits that mold and has a cost of living that is 14% cheaper than Maryland.
Baltimore Population: 602,274 14% cheaper than Maryland average
Med. Home Value: $167,300 Med. Rent: $1,094 Med. Household Inc.: $52,164
Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Baltimore is one of the most affordable cities in Maryland, and has a cost of living that is 14% cheaper than the state average.
Lansdowne Population: 8,635 14% cheaper than Maryland average
Med. Home Value: $159,700 Med. Rent: $1,213 Med. Household Inc.: $43,556
With a cost of living that is 14% cheaper than Maryland, Lansdowne comes in at #10 on our list of the cheapest places to live in Maryland. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in Maryland

Rank Location Population COL Index Med. Home Value Med. Household Inc. 
1 Cumberland 19,495 85 $104,200 $40,888
2 Cresaptown 5,584 88 $132,800 $47,218
3 Frostburg 8,550 90 $144,300 $40,781
4 Cambridge 12,300 99 $173,800 $39,063
5 Salisbury 32,850 101 $167,800 $44,474
6 Hagerstown 40,027 101 $160,000 $41,905
7 Dundalk 63,826 102 $156,300 $55,489
8 Fruitland 5,281 102 $165,300 $52,392
9 Baltimore 602,274 102 $167,300 $52,164
10 Lansdowne 8,635 102 $159,700 $43,556
11 Halfway 10,804 104 $184,900 $67,764
12 Aberdeen 15,904 105 $192,400 $66,481
13 Edgewood 25,065 105 $183,700 $68,420
14 Essex 39,307 105 $195,700 $59,426
15 Baltimore Highlands 7,880 107 $210,600 $53,205
16 Woodlawn CDP (Prince George's County) 7,873 107 $194,100 $64,559
17 Elkton 15,653 108 $211,800 $54,871
18 Middle River 29,665 108 $197,700 $65,947
19 Parkville 30,459 108 $205,300 $68,608
20 Riverside 5,888 108 $184,700 $79,620
21 Lochearn 25,612 108 $211,200 $64,986
22 Overlea 12,063 109 $210,400 $65,662
23 Hampstead 6,403 109 $245,700 $75,392
24 Brooklyn Park 15,163 109 $209,600 $66,329
25 Rosedale 19,963 109 $219,200 $76,577
26 Taneytown 6,837 110 $258,800 $67,689
27 Woodlawn 41,505 110 $226,500 $70,087
28 Chestertown 5,073 111 $260,600 $39,682
29 Brunswick 6,364 111 $245,000 $84,133
30 Arbutus 19,267 111 $240,600 $78,598
31 Milford Mill 30,355 111 $220,500 $65,229
32 Westminster 18,649 111 $241,600 $64,399
33 Rossville 15,993 112 $235,200 $77,437
34 Lexington Park 12,934 112 $190,400 $72,920
35 Easton 16,589 113 $276,000 $61,639
36 Randallstown 35,661 114 $253,700 $79,842
37 Reisterstown 27,804 114 $250,300 $71,851
38 Bel Air 10,102 114 $256,400 $60,476
39 Joppatowne 12,833 114 $261,100 $89,909
40 Silver Hill 5,155 114 $195,100 $58,262
41 Thurmont 6,783 114 $263,900 $83,654
42 Fountainhead-Orchard Hills 5,964 114 $252,400 $75,160
43 Ocean City 6,957 115 $292,100 $55,954
44 Bowleys Quarters 6,422 115 $274,100 $96,797
45 Havre de Grace 13,808 115 $284,200 $80,853
46 Glen Burnie 69,649 115 $262,400 $74,932
47 Robinwood 7,482 115 $254,300 $67,109
48 Ferndale 17,732 116 $255,200 $74,226
49 Carney 29,624 116 $247,200 $70,835
50 Leisure World 9,314 117 $233,700 $54,789

Methodology

To formulate the list of the cheapest places to live in Maryland, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.