Cost of Living in New Windsor, MD

With a cost of living index of 74, New Windsor, MD is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 45% below the Maryland state average of 119. New Windsor is a small community of 1,338 residents.

Housing costs are the biggest factor in New Windsor's cost of living. The median monthly rent is $330 (75% below the US median of $1,319), and the median home value sits at $337,500 (11% above the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in New Windsor is $111,731, which is 49% higher than the national median of $75,149. Residents spend roughly 4% 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 New Windsor. The area sees an average annual temperature of 52.4°F, with summers averaging 72°F and winters around 32°F. Annual rainfall totals 42.1 inches spread over roughly 133 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.