Cost of Living in Hagerstown, MD

How far does a $70,000 salary go in Hagerstown? Estimated income taxes on that gross salary total approximately $10,392 per year — combining federal taxes with Maryland's state income tax. Subtract rent for a 2-bedroom apartment ($1,261/month based on HUD Fair Market Rents for the Hagerstown metro area) and the estimated annual take-home is $44,476, or roughly $3,706 per month for everything else: food, transportation, savings, and discretionary spending.

The Hagerstown metro has a cost of living index of 83.0 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 17% below the national average, Hagerstown is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Hagerstown represents approximately 22% of gross income. That falls comfortably below the 30% rent-burden guideline, a healthy position for building savings.