Havre de Grace, MD vs Silver Hill, MD

Havre de Grace, MD and Silver Hill, MD have a very similar cost of living, with only a 4.2% difference in their overall index. Havre de Grace scores 105 while Silver Hill scores 109 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Havre de Grace is $1,314/month compared to $1,569/month in Silver Hill — a 16% difference. Interestingly, home values tell a different story: while Havre de Grace has cheaper rent, Silver Hill actually has lower median home values ($283,900 vs $348,800).

Median household income in Havre de Grace is $106,798 compared to $61,566 in Silver Hill (+73.5%). Havre de Grace offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Havre de Grace spend roughly 14.8% of their income on rent, less than the 30.6% in Silver Hill. The Havre de Grace ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, Silver Hill is notably warmer with an average of 59.3°F compared to 55.2°F in Havre de Grace. Havre de Grace receives more rainfall at 47.1" per year compared to 41.8" in Silver Hill.