D-
15%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
41%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Havre de Grace Maryland National
Cost of living115119100
Goods & Services103106100
Groceries105106100
Health care9897100
Housing141150100
Transportation10198100
Utilities111111100

An Overview of Cost of Living in Havre de Grace, MD

The cost of living in Havre de Grace affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Havre de Grace is 115, which is 15% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing costs are a major factor in the Havre de Grace cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 41% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Havre de Grace Affordable?

Is Havre de Grace an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Havre de Grace is 53.9% higher than the national average, while the average monthly rent prices are 11.1% higher than average. The affordability of any location can also be influenced by median income levels. Havre de Grace has a median household income of $80,853, which is 46.1% higher than the national average.

What Factors can Influence the Cost of Living in Havre de Grace?

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Havre de Grace, the utilities index stands at 11.1% higher than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Havre de Grace, the groceries index is 4.5% higher than the national average.

Where is the Data From?

The cost of living data in Havre de Grace displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Havre de Grace is 3% lower than the Maryland average
  • The cost of living in Havre de Grace is 15% higher than the national average
  • Havre de Grace housing is 41% higher than the national average
  • Maryland general sales tax is 18% higher than the national average
  • Maryland state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Havre de Grace

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Compare Havre de Grace, MD Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$106,228$8,852$2,478$3,187
      Renters$41,102$3,425$959$1,233
      To approximate the cost of living and the housing affordability in Havre de Grace, MD, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Havre de Grace have a median income of $106,228. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,478 per month to avoid calamity and poverty. The renters in the city have an income of about $41,102, which would make their monthly maximum allowable rental costs $959.

      Maryland Sales Tax

      State General Sales Tax With Max Surtax
      Maryland 6% 6%

      Maryland Income Tax

      State Income Tax (Low) Income Tax (High)
      Maryland 2% 5.75%

      Goods & Services

      Item Havre de Grace National avg. Difference
      Haircut $28.33$24.2616.8%
      Beauty Salon $58.17$45.5627.7%
      Toothpaste $3.69$3.700.3%
      Shampoo $1.44$1.2812.7%
      Movie $13.69$12.1312.9%
      Bowling $23.03$18.0027.9%

      Groceries

      Item Havre de Grace National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.73$4.671.2%
      Potatoes $5.46$4.9310.7%
      Pizza $13.24$12.099.5%
      Beer $10.36$10.410.5%

      Health Care

      Item Havre de Grace National avg. Difference
      Optometrist $114.22$125.689.1%
      Doctor $133.22$135.781.9%
      Dentist $117.22$113.293.5%
      Ibuprofen $11.10$10.654.2%
      Lipitor $401.39$468.6014.3%

      Housing

      Item Havre de Grace National avg. Difference
      Home Price $284,200.00$184,700.0053.9%
      Avg. Mortgage Payment $1,906.29$2,346.6918.8%
      Apartment Rent $1,054.00$949.0011.1%

      Transportation

      Item Havre de Grace National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $62.66$59.924.6%

      Utilities

      Item Havre de Grace National avg. Difference
      All Electricity $223.91$193.9915.4%
      Phone $199.62$192.253.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bel Air CDP, MD1,383982.3%
      Delta, PA5131010.6%
      Susquehanna Trails, PA2,0461010.8%
      Galena, MD7581011.1%
      Port Deposit, MD6241043.5%
      Havre de Grace, MD13,80811515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Forest Park, IL13,80811111.4%
      Bexley, OH13,80512222.4%
      Ewa Beach, HI13,80317574.6%
      Highland Park, NJ13,80313130.9%
      Matane, QC13,814n/a 
      Havre de Grace, MD13,80811515.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.