New Market, MD vs St. Leonard, MD
There is a significant gap in the cost of living between these two cities. St. Leonard is 20.2% cheaper than New Market. With a cost index of 116 vs 140, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from St. Leonard to New Market should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in New Market are $607,700 compared to $489,500 in St. Leonard, a 24% gap.
Median household income in New Market is $198,080 compared to $188,056 in St. Leonard (+5.3%). New Market does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget.
Climate-wise, both cities share similar average temperatures (55.4°F vs 58.3°F). St. Leonard receives more rainfall at 45.3" per year compared to 35.6" in New Market.
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Climate
NOAA 30-year normals (1991-2020)