Cost of Living in Severn, MD
Population 58,402 · Census ACS 2020–2024 5-year estimates
The median rent in Severn, MD is $2,175/month, 28% higher than the Maryland median and 54% higher than the U.S. median. The median home value is $479,200, 44% higher than the national median. Households earn a median of $134,423 a year, 30% higher than the state median.
Affordability
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Severn vs. Maryland vs. U.S.
| Severn | Maryland | U.S. | |
|---|---|---|---|
| Median rent | $2,175 | $1,705 | $1,413 |
| Median home value | $479,200 | $419,900 | $332,700 |
| Median household income | $134,423 | $103,678 | $80,734 |
| Homeownership rate | 71.0% | 67.6% | 65.2% |
| Bachelor's degree or higher | 46.1% | 43.4% | 35.7% |
| Poverty rate | 5.7% | 9.4% | 12.5% |
| Unemployment rate | 4.6% | 4.9% | 5.2% |
| Work from home | 17.1% | 19.3% | 15.1% |
| Median age | 36.5 | 39.4 | 38.9 |
FAQ
What is the average rent in Severn, MD?
The median gross rent in Severn, MD is $2,175 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Severn, MD?
Using the common 30% rule, renting a median-priced home takes about $87,000 a year in gross income.
Is Severn, MD expensive to live in?
Rent there is 54% higher than the U.S. median, and the median home costs about 3.6 times the median household income.
Other cities in Maryland
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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