C+
5%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
6%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Aberdeen Maryland National
Cost of living105119100
Goods & Services103106100
Groceries105106100
Health care9897100
Housing106150100
Transportation10198100
Utilities111111100

An Overview of Cost of Living in Aberdeen, MD

Understanding the cost of living in Aberdeen can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Aberdeen cost of living index is 105, which is 5% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Aberdeen aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Aberdeen residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Aberdeen Affordable?

Is Aberdeen affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Aberdeen, for instance, where the median home price falls 4.2% higher than the national average, and monthly rent rates are 11.9% higher than usual. Additionally, median income levels contribute to the equation, with Aberdeen flaunting a median household income of $66,481, 20.2% higher than the national norm.

What Factors can Influence the Cost of Living in Aberdeen?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Aberdeen, the groceries index is 4.5% higher than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Aberdeen, the standard sales tax rate starts at 6%, and the income tax rates commence at 2%.

Where is the Data From?

The Aberdeen cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Aberdeen is 12% lower than the Maryland average
  • The cost of living in Aberdeen is 5% higher than the national average
  • Aberdeen housing is 6% higher than the national average
  • Maryland general sales tax is 18% higher than the national average
  • Maryland state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Aberdeen

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Compare Aberdeen, MD Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$81,497$6,791$1,901$2,445
      Renters$40,787$3,399$952$1,224
      A good indicator of the general affordability of housing in Aberdeen, MD, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Aberdeen, the median monthly income is $81,497 for those who own their own homes. Under the standard rule, that income level would allow for $1,901 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $40,787, per the median income in the area. That would allow for renters to spend up to $952 on monthly rental expenses.

      Maryland Sales Tax

      State General Sales Tax With Max Surtax
      Maryland 6% 6%

      Maryland Income Tax

      State Income Tax (Low) Income Tax (High)
      Maryland 2% 5.75%

      Goods & Services

      Item Aberdeen National avg. Difference
      Haircut $28.33$24.2616.8%
      Beauty Salon $58.17$45.5627.7%
      Toothpaste $3.69$3.700.3%
      Shampoo $1.44$1.2812.7%
      Movie $13.69$12.1312.9%
      Bowling $23.03$18.0027.9%

      Groceries

      Item Aberdeen National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.73$4.671.2%
      Potatoes $5.46$4.9310.7%
      Pizza $13.24$12.099.5%
      Beer $10.36$10.410.5%

      Health Care

      Item Aberdeen National avg. Difference
      Optometrist $114.22$125.689.1%
      Doctor $133.22$135.781.9%
      Dentist $117.22$113.293.5%
      Ibuprofen $11.10$10.654.2%
      Lipitor $401.39$468.6014.3%

      Housing

      Item Aberdeen National avg. Difference
      Home Price $192,400.00$184,700.004.2%
      Avg. Mortgage Payment $1,906.29$2,346.6918.8%
      Apartment Rent $1,062.00$949.0011.9%

      Transportation

      Item Aberdeen National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $62.66$59.924.6%

      Utilities

      Item Aberdeen National avg. Difference
      All Electricity $223.91$193.9915.4%
      Phone $199.62$192.253.8%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bel Air CDP, MD1,383982.3%
      Kennedyville, MD423982.3%
      Delta, PA5131010.6%
      Port Deposit, MD6241043.5%
      Perryman, MD2,3971043.7%
      Aberdeen, MD15,9041054.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Discovery Bay, CA15,90417877.6%
      Grandville, MI15,906946.3%
      Sayville, NY15,91015050.0%
      Cloverly, MD15,91514949.3%
      Bellmore, NY15,88716160.8%
      Aberdeen, MD15,9041054.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.