Cost of Living in Goldsboro, MD

With a cost of living index of 103, Goldsboro, MD is somewhat more expensive than average. Living here is 3% more expensive than the national average and 16% below the Maryland state average of 119. Goldsboro is a small community of 259 residents.

Housing costs are the biggest factor in Goldsboro's cost of living. The median monthly rent is $1,639 (24% above the US median of $1,319), and the median home value sits at $204,200 (33% below the national median of $304,900). At current prices, the median home costs roughly 5.2x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Goldsboro is $39,643, which is 47% lower than the national median of $75,149. Residents spend roughly 50% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

Climate is another factor for anyone considering a move to Goldsboro. 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.