Cost of Living in Grantsville, MD

With a cost of living index of 75, Grantsville, MD is a very affordable place to live. Living here is 25% cheaper than the national average and 44% below the Maryland state average of 119. Grantsville is a small community of 970 residents.

Housing costs are the biggest factor in Grantsville's cost of living. The median monthly rent is $654 (50% below the US median of $1,319), and the median home value sits at $230,800 (24% below the national median of $304,900). At current prices, the median home costs roughly 5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Grantsville is $46,354, which is 38% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Grantsville. The area sees an average annual temperature of 53.8°F, with summers averaging 72°F and winters around 34°F. Annual rainfall totals 43.2 inches spread over roughly 155 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.