Is Raleigh, NC cheaper than Severna Park, MD?

Based on cost of living data, Raleigh, NC is 2.8% cheaper than Severna Park, MD. This translates to saving $212 per month.

What salary do I need in Raleigh, NC to live like I do in Severna Park, MD?

If you earn $150,000 in Severna Park, MD, you'd need approximately $147,458.87 in Raleigh, NC to maintain the same standard of living.

How does housing cost compare between Severna Park, MD and Raleigh, NC?

Housing in Raleigh, NC is 6.6% cheaper than in Severna Park, MD. For a two-bedroom apartment, rent is $1,800/month in Raleigh, NC compared to $1,321/month in Severna Park, MD.

How much can I save per month by moving from Severna Park, MD to Raleigh, NC?

Moving from Severna Park, MD to Raleigh, NC could save you approximately $212 per month, or $2541 per year, based on a $150,000 salary.

Severna Park, MD vs Raleigh, NC: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Severna Park, MD — COL adjusted from Baltimore, MD area + state data

Current salary in Severna Park, MD

Numbers update automatically as you type

You'd save $212/month moving to Raleigh, NC

$150.0K in your current city equals $147.5K in Raleigh, NC

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 2.8%

Less expensive

Monthly Impact

$212

Savings

Annual Impact

$2.5K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Severna Park, MD

Population:40K

Cost Index:100

Median Home:$218K

Raleigh, NC

Population:474K

Cost Index:97

Median Home:$512K

Severna Park, MD

The Old Line State

40K

Population

State Tax

Yes

Located in Maryland, this city has a population of 40K residents.

Raleigh, NC

The Tar Heel State

474K

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Research Triangle
•State capital
•Major university town

Major Industries

TechnologyResearchEducationGovernment

Cost Breakdown by Category

Annual spending: Severna Park, MD vs Raleigh, NC

Category	Severna Park, MD	Raleigh, NC	Difference	Change
🏠Housing	$2,643/mo	$2,469/mo	↓ $174less	6.6%
📦Other	$1,608/mo	$1,707/mo	↑ $99.58more	6.2%
🛒Groceries	$1,057/mo	$959/mo	↓ $97.67less	9.2%
⚡All Utilities	$589/mo	$546/mo	↓ $42.15less	7.2%
🏥Healthcare	$571/mo	$601/mo	↑ $29.81more	5.2%
🚗Transportation	$1,299/mo	$1,284/mo	↓ $15.16less	1.2%

🏠Housing

↓ 6.6%

Severna Park, MD

$2,643

Raleigh, NC

$2,469

Difference

$174

less

📦Other

↑ 6.2%

Severna Park, MD

$1,608

Raleigh, NC

$1,707

Difference

$99.58

🛒Groceries

↓ 9.2%

Severna Park, MD

$1,057

Raleigh, NC

$959

Difference

$97.67

less

⚡All Utilities

↓ 7.2%

Severna Park, MD

$589

Raleigh, NC

$546

Difference

$42.15

less

🏥Healthcare

↑ 5.2%

Severna Park, MD

$571

Raleigh, NC

$601

Difference

$29.81

🚗Transportation

↓ 1.2%

Severna Park, MD

$1,299

Raleigh, NC

$1,284

Difference

$15.16

less

🏠Rent Comparison

Studio

From$920

To$1,570

↑ $650

1 Bed

From$1,081

To$1,640

↑ $559

2 Bed

From$1,321

To$1,800

↑ $479

3 Bed

From$1,761

To$2,255

↑ $494

Raleigh, NCZIP-level data

1BR range: $1,400–$1,880/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,767

Monthly in Severna Park, MD

$7,567

Monthly in Raleigh, NC

$200

Difference

Home Values

Severna Park

Raleigh

Median Value

$512K

YoY Change

↓ -0.5%

5-Year Change

↑ +38.2%

Price Range

$314K - $992K

Calculate payment - Raleigh

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $135

Per year

Monthly Difference

$11.25

More take-home

Effective Rate Diff

0.1%

Rate difference

Severna Park, MD

Federal Income Tax

Effective: 18.9%

$25.5K

Maryland State Tax

Effective: 4.8%

$7.3K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.5%

$44.3K

Take-Home Pay

$8,811/month

$105.7K

Raleigh, NC

Federal Income Tax

Effective: 18.9%

$25.5K

North Carolina State Tax

Effective: 4.8%

$7.1K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.4%

$44.1K

Take-Home Pay

$8,822/month

$105.9K

Additional Tax Information

Severna Park, MD Tax Rates

Sales Tax:6.0%

Property Tax:1.1%

Raleigh, NC Tax Rates

Sales Tax:7.1%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.