Cost of Living in Havre de Grace, Maryland
Havre de Grace is a city in Harford County, Maryland, with a population of 13,555. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Havre de Grace is $40,007 a year — less than the annual cost of living for Maryland of $43,414 and greater than the national figure of $38,433.
Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Havre de Grace and over 29,000 other cities and towns in the US.
Housing Costs in Havre de Grace, Maryland
Housing is one of the largest components of cost of living. In Havre de Grace, the median home value is $289,200, greater than the national median home value of $204,900. The median price of a home built in 1939 or earlier is $266,500, while the median value of a home built in 2014 or later is $450,000.
Renting is a sometimes lower cost alternative to homeownership. In Havre de Grace, some 36.80% of occupied homes are rented, about the same as the 36.2% national renter rate. The typical renter in Havre de Grace spends $1,039 a month on housing, about the same as the $1,023 national median monthly rent.
In addition to home value, one of the largest determinants of housing affordability is area income. While nationwide the price of a typical U.S. home is 3.4 times the $60,293 U.S. median household income, housing affordability ratios range from approximately 1.0 in the least expensive cities to more than 10.0 in the country's most expensive markets. In Havre de Grace, the median household income is $74,335, 3.9 times the median home value.
Transportation Costs in Havre de Grace, Maryland
Transportation can also be a significant component of cost of living. In Havre de Grace, 91.30% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 78.40% of workers commute to jobs outside of Havre de Grace, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Havre de Grace is 28 minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Havre de Grace spends $10,340 a year on transportation, more than the national average of $9,760.
Health Care Costs in Havre de Grace, Maryland
Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far lower than they are on average nationwide in Havre de Grace but in line with what they are across Maryland as a whole.
For a single adult living in the area, average health care costs come out to $3,553 per year, compared to an average of $3,549 across Maryland and $4,266 nationwide.
Child care Costs in Havre de Grace, Maryland
For families with children, child care adds thousands of dollars to overall annual spending. In Havre de Grace, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $15,332, about $800 less than the comparable average of $16,167 across all of Maryland. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.
Food Costs in Havre de Grace, Maryland
Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.
In Havre de Grace, a single adult spends an average of $3,353 on food annually, and a family of four spends $9,684 on average. For context, average annual food expenditure across Maryland and the U.S., respectively, are $3,342 and $3,240 for a single adult, and $9,652 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.
Taxes in Havre de Grace, Maryland
Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Havre de Grace, Maryland pays $7,136 annually — relatively little compared to the statewide average of $7,992.
It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Havre de Grace residents live in a state with a high average tax burden. Per capita state tax collections in Maryland total $3,711 per year, compared to the $3,151 average across all states.
To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.
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