Cost of Living in Perryville, MD

With a cost of living index of 90, Perryville, 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. Perryville is a small community of 4,425 residents.

Housing costs are the biggest factor in Perryville's cost of living. The median monthly rent is $1,053 (20% below the US median of $1,319), and the median home value sits at $267,700 (12% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Perryville is $75,543, which is 1% higher 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.

Climate is another factor for anyone considering a move to Perryville. 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower 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.