Frederick, Maryland has a cost-of-living index rating of 108, slightly higher than the national average. This is due in large part to its moderately high housing costs, which make up 45% of total expenses—above the national average of 43%.
Utility costs are also above average, partly due to expensive power sources such as coal and nuclear energy. Despite this, residents have access to similar amenities citywide, regardless of location.
Other significant contributors include transportation (12%), groceries (9%), and healthcare (8%), all of which contribute to a higher overall cost compared to many other U.S. cities.
A typical home in Frederick costs $408,300, which is 20.8% more expensive than the national average of $338,100 and 5.2% higher than the average Maryland home at $388,100.
Renting a two-bedroom unit averages $1,520 per month—that’s 6.3% more than the national average of $1,430 and 6.6% cheaper than the state average of $1,620.
To live comfortably in Frederick, a minimum annual income of $78,120 is recommended for a family, and $53,600 for a single person.
Frederick, Maryland is generally considered a safe place to live, with a relatively low crime rate compared to other cities. However, like any area, some neighborhoods are safer than others.
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