F
21%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
61%
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 Bel Air South Maryland National
Cost of living121119100
Goods & Services103106100
Groceries105106100
Health care9897100
Housing161150100
Transportation10198100
Utilities111111100

An Overview of Cost of Living in Bel Air South, MD

Are you thinking about relocating, but curious about the potential cost of living in Bel Air South? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Bel Air South stands at 121, making it 21% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Bel Air South is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Bel Air South falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs are a very significant part of the Bel Air South cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 61% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Bel Air South Affordable?

Is Bel Air South affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Bel Air South, the median home price is 69.2% higher than the national average and monthly rent prices are 41.6% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Bel Air South boasting a median household income of $100,824, 82.2% higher than the national average.

What Factors can Influence the Cost of Living in Bel Air South?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Bel Air South, the healthcare costs are 2.5% lower than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Bel Air South, the transportation index stands at 1.3% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Bel Air South comes in at 11.1% higher than the national average.

Where is the Data From?

The Bel Air South 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Bel Air South is 2% higher than the Maryland average
  • The cost of living in Bel Air South is 21% higher than the national average
  • Bel Air South housing is 61% 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 Bel Air South

See all the best places to live around Bel Air South

Compare Bel Air South, 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$114,802$9,567$2,679$3,444
      Renters$53,556$4,463$1,250$1,607
      The affordability of the housing market in Bel Air South, MD as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bel Air South homeowners, the median income is $114,802. This indicates that a monthly maximum of $2,679 should be spent by homeowners on all housing related costs. Renters have a median income of $53,556. This indicates that renters would have a maximum of $1,250 for their rent related monthly costs.

      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 Bel Air South 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 Bel Air South 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 Bel Air South 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 Bel Air South National avg. Difference
      Home Price $312,600.00$184,700.0069.2%
      Avg. Mortgage Payment $1,906.29$2,346.6918.8%
      Apartment Rent $1,344.00$949.0041.6%

      Transportation

      Item Bel Air South National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $62.66$59.924.6%

      Utilities

      Item Bel Air South 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%
      Port Deposit, MD6241043.5%
      Perryman, MD2,3971043.7%
      Aberdeen, MD15,9041054.7%
      Edgewood, MD25,0651054.8%
      Bel Air South, MD55,02412121.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Southaven, MS55,026946.5%
      Lakewood, NJ55,03914545.5%
      Manhattan, KS55,0451010.9%
      Dollard-Des Ormeaux, QC55,066n/a 
      Hempstead, NY55,15313635.8%
      Bel Air South, MD55,02412121.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.