Cost of Living in Federalsburg, MD

With a cost of living index of 77, Federalsburg, MD is a very affordable place to live. Living here is 23% cheaper than the national average and 42% below the Maryland state average of 119. Federalsburg is a small community of 2,818 residents.

Housing costs are the biggest factor in Federalsburg's cost of living. The median monthly rent is $987 (25% below the US median of $1,319), and the median home value sits at $125,200 (59% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Federalsburg is $35,432, which is 53% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Federalsburg. The area sees an average annual temperature of 57.6°F, with summers averaging 76°F and winters around 39°F. Annual rainfall totals 43.9 inches spread over roughly 132 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.