Cost of Living in Hagerstown, MD
2024 data from the Bureau of Economic Analysis
Cost Index
94.2
5.8% below avg
Housing Index
75.7
Median Income
$72,751
Median Rent
$1,076/mo
Cost Breakdown
Overall94.2 (-5.8%)
Housing75.7 (-24.3%)
Goods96.4 (-3.6%)
Utilities95.7 (-4.3%)
Other Services99.5 (-0.5%)
National average = 100
Income & Housing
Median Household Income
$72,751/year
Median Home Value
$242,400
Median Monthly Rent
$1,076/mo
Per Capita Income
$36,065/year
Compare Hagerstown, MD With
Hagerstown, MD vs Lake Havasu City, AZHagerstown, MD vs Sheboygan, WIHagerstown, MD vs Elmira, NYHagerstown, MD vs Hinesville, GAHagerstown, MD vs Idaho Falls, IDHagerstown, MD vs Cleveland, OHHagerstown, MD vs Tallahassee, FLHagerstown, MD vs Odessa, TXHagerstown, MD vs Casper, WYHagerstown, MD vs Warner Robins, GA
Frequently Asked Questions
Is Hagerstown, MD expensive to live in?
Hagerstown, MD has a cost of living index of 94.2, which is 5.8% below the national average.
How much does housing cost in Hagerstown, MD?
Housing costs in Hagerstown, MD are indexed at 75.7 compared to the national average of 100. The median monthly rent is $1,076.
What is the average income in Hagerstown, MD?
The median household income in Hagerstown, MD is $72,751 per year.
What is the average home price in Hagerstown, MD?
The median home value in Hagerstown, MD is $242,400.