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.