Cost of Living in Severna Park, MD
Population 40,228 · Census ACS 2020–2024 5-year estimates
The median rent in Severna Park, MD is $1,699/month, about the same as the Maryland median and 20% higher than the U.S. median. The median home value is $647,200, 95% higher than the national median. Households earn a median of $169,953 a year, 64% higher than the state median.
Affordability
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Severna Park vs. Maryland vs. U.S.
| Severna Park | Maryland | U.S. | |
|---|---|---|---|
| Median rent | $1,699 | $1,705 | $1,413 |
| Median home value | $647,200 | $419,900 | $332,700 |
| Median household income | $169,953 | $103,678 | $80,734 |
| Homeownership rate | 90.7% | 67.6% | 65.2% |
| Bachelor's degree or higher | 58.6% | 43.4% | 35.7% |
| Poverty rate | 2.8% | 9.4% | 12.5% |
| Unemployment rate | 2.7% | 4.9% | 5.2% |
| Work from home | 24.1% | 19.3% | 15.1% |
| Median age | 40.7 | 39.4 | 38.9 |
FAQ
What is the average rent in Severna Park, MD?
The median gross rent in Severna Park, MD is $1,699 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Severna Park, MD?
Using the common 30% rule, renting a median-priced home takes about $67,960 a year in gross income.
Is Severna Park, MD expensive to live in?
Rent there is 20% higher than the U.S. median, and the median home costs about 3.8 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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