Cost of Living in Havre de Grace, MD

With a cost of living index of 105, Havre de Grace, MD is somewhat more expensive than average. Living here is 5% more expensive than the national average and 15% below the Maryland state average of 119. Havre de Grace is a smaller community of 14,857 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Havre de Grace's cost of living. The median monthly rent is $1,314 (0% below the US median of $1,319), and the median home value sits at $348,800 (14% above the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Havre de Grace is $106,798, which is 42% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Havre de Grace. The area sees an average annual temperature of 55.2°F, with summers averaging 75°F and winters around 36°F. Annual rainfall totals 47.1 inches spread over roughly 0 days.

Everyday prices in the Baltimore-Columbia-Towson, MD (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.