Cost of Living in Eldorado, MD
Population: 39 | Maryland
Eldorado is 12% less expensive than the national average.
Cost of Living in Eldorado, MD: What You Need to Know
With a cost of living index of 88, Eldorado, MD is a very affordable place to live. Living here is 12% cheaper than the national average and 31% below the Maryland state average of 119. Eldorado is a small community of 39 residents.
The median household income in Eldorado is $49,375, which is 34% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Eldorado. The area sees an average annual temperature of 56.9°F, with summers averaging 75°F and winters around 39°F. Annual rainfall totals 47.5 inches spread over roughly 122 days.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $49,375
- vs US Median ($75,149)
- -34%
Housing
- Median Home Value
- $143,800
- Median Monthly Housing Cost
- $1,000/mo
Climate in Eldorado
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 46 | 48 | 55 | 66 | 74 | 83 | 88 | 85 | 80 | 69 | 59 | 50 |
| Avg °F | 37 | 39 | 45 | 55 | 64 | 73 | 78 | 76 | 70 | 59 | 48 | 41 |
| Low °F | 28 | 29 | 35 | 44 | 53 | 63 | 68 | 66 | 60 | 48 | 38 | 31 |
| Rain" | 3.5 | 3.3 | 4.2 | 3.4 | 3.7 | 4.0 | 4.7 | 5.3 | 4.5 | 4.2 | 3.2 | 3.6 |