Personal Finance

2023 Places With The Lowest Cost of Living In Maryland: New Report

Niche ranked the places with the lowest cost of living in MD based on categories, including crime, housing, schools. Here are the rankings.

MARYLAND — Maryland is known for the quality of its schools, its strong economy, and the beauty of its waters and mountains.

But its low cost of living? Not so much.

That's not to say there aren't any cheap places to live in the state, just that you will have to travel outside the DC and Baltimore suburbs to find them.

Find out what's happening in Baltimorefor free with the latest updates from Patch.

Rankings website Niche.com did all that legwork, and has just published its "2023 Places with the Lowest Cost of Living in Maryland." The neighborhoods on the list are a little less familiar than those home to the state's best schools.

As you would expect, there's a more-or-less inverse relationship between a neighborhood's overall quality and the cost of living there. Niche analysts threaded the Quality of Life/Cost of Living needle to determine the best of the least expensive places to live in Maryland.

Find out what's happening in Baltimorefor free with the latest updates from Patch.

At the top of the rankings is Lonaconing, population 1,160, in Allegany County in western Maryland. It was rated A for "Cost of Living," B- for public schools and a B grade overall. Other towns in the mountains and on Chesapeake Bay also ranked high on the list, along with several neighborhoods in Baltimore.

Here's Niche's Top 25 places in Maryland with the lowest cost of living:

  1. Lonaconing
  2. Westernport
  3. Potomac Heights
  4. Bowling Green
  5. Armistead Gardens, neighborhood in Baltimore
  6. La Vale
  7. Cumberland
  8. Crisfield
  9. Bel Air in Allegany County
  10. Cherry Hill, neighborhood in Baltimore
  11. Arlington, neighborhood in Baltimore
  12. Mountain Lake Park
  13. Johnston Square, neighborhood in Baltimore
  14. Northwest Community Action, neighborhood in Baltimore
  15. Parkview/Woodbrook, neighborhood in Baltimore
  16. Mondawmin, neighborhood in Baltimore
  17. Shipley Hill, neighborhood in Baltimore
  18. Perryman
  19. Harlem Park, neighborhood in Baltimore
  20. Smithsburg
  21. Ramblewood, neighborhood in Baltimore
  22. Park Circle, neighborhood in Baltimore
  23. Lucille Park, neighborhood in Baltimore
  24. Frostburg
  25. Woodmere

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