Cost of Living in Mount Savage, MD
Population: 462 | Maryland
Mount Savage is 17% less expensive than the national average.
Cost of Living in Mount Savage, MD: What You Need to Know
With a cost of living index of 83, Mount Savage, MD is a very affordable place to live. Living here is 17% cheaper than the national average and 36% below the Maryland state average of 119. Mount Savage is a small community of 462 residents.
The median household income in Mount Savage is $53,750, which is 28% lower than the national median of $75,149. 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 Mount Savage. The area sees an average annual temperature of 48.9°F, with summers averaging 68°F and winters around 29°F. Annual rainfall totals 41.3 inches spread over roughly 170 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
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.
Income
- Median Household Income
- $53,750
- vs US Median ($75,149)
- -28%
Housing
- Median Home Value
- $84,300
- Median Monthly Housing Cost
- $736/mo
Climate in Mount Savage
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 33 | 36 | 45 | 58 | 68 | 75 | 79 | 77 | 71 | 59 | 47 | 38 |
| Avg °F | 26 | 29 | 36 | 48 | 59 | 66 | 70 | 69 | 62 | 51 | 40 | 31 |
| Low °F | 19 | 21 | 28 | 38 | 49 | 57 | 61 | 60 | 53 | 43 | 33 | 25 |
| Rain" | 2.5 | 2.5 | 3.1 | 3.5 | 4.1 | 4.4 | 4.2 | 4.0 | 4.0 | 3.1 | 3.1 | 2.7 |