Cost of Living: Severna Park, MD vs New York, NY
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Severna Park, MD versus $4,116/mo in New York, NY. In the model, rent is about 23.55% of gross in Severna Park, MD versus 25.92% in New York, NY, so Severna Park, MD tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Severna Park, MD and New York, NY.
At a glance
- Cheaper overall (lower cost-of-living index): Severna Park, MD
- Lower rent (median 1BR/2BR): Severna Park, MD
- Lower home prices: Severna Park, MD
- Higher median household income: Severna Park, MD
Cost of Living Index
Severna Park, MD: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)
Severna Park, MD has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.
Median Rent
Severna Park, MD: $1,536/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo
Median rent in New York, NY is $154/mo higher than in Severna Park, MD.
Median Home Price
Severna Park, MD: $633,600 · New York, NY: $751,700
Median home price in New York, NY is $118,100 higher than in Severna Park, MD.
Median Household Income
Severna Park, MD: $168,091 · New York, NY: $79,713
Severna Park, MD has a higher median household income than New York, NY by $88,378.
Severna Park, MD overview · New York, NY overview · Popular comparisons