Cost of Living in Millington, MD

With a cost of living index of 90, Millington, MD is a very affordable place to live. Living here is 10% cheaper than the national average and 29% below the Maryland state average of 119. Millington is a small community of 645 residents.

Housing costs are the biggest factor in Millington's cost of living. The median monthly rent is $1,178 (11% below the US median of $1,319), and the median home value sits at $219,300 (28% below the national median of $304,900). At current prices, the median home costs roughly 3.6x the median household income — a moderately affordable ratio by today's standards.

The median household income in Millington is $60,625, which is 19% lower than the national median of $75,149. Residents spend roughly 23% 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 Millington. 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.