Cost of Living in Sharpsburg, MD

With a cost of living index of 78, Sharpsburg, MD is a very affordable place to live. Living here is 22% cheaper than the national average and 41% below the Maryland state average of 119. Sharpsburg is a small community of 596 residents.

Housing costs are the biggest factor in Sharpsburg's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $231,400 (24% below 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 Sharpsburg is $71,029, which is 5% lower than the national median of $75,149. Residents spend roughly 14% 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 Sharpsburg. The area sees an average annual temperature of 54.1°F, with summers averaging 74°F and winters around 34°F. Annual rainfall totals 39 inches spread over roughly 121 days.

Everyday prices in the Hagerstown-Martinsburg, MD-WV (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 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.