F
29%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
76%
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 Camp Springs Maryland National
Cost of living129119100
Goods & Services110106100
Groceries113106100
Health care10997100
Housing176150100
Transportation11198100
Utilities101111100

An Overview of Cost of Living in Camp Springs, MD

Knowing the cost of living in Camp Springs allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Camp Springs stands at 129, marking it 29% higher than the national average.

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 Camp Springs 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, Camp Springs falls into this category, which may not align with your goal of finding a budget-friendly living environment.

When it comes to the cost of living in Camp Springs, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 76.3% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Camp Springs, these items will cost you 10.2% more than what's considered the norm, making it a more expensive place to call home.

The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Camp Springs, the news isn't any better as grocery prices are 12.6% higher than the national average.

Is Camp Springs Affordable?

Is Camp Springs an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Camp Springs is 62.4% higher than the national average, while the average monthly rent prices are 108.7% higher than average. The affordability of any location can also be influenced by median income levels. Camp Springs has a median household income of $102,541, which is 85.4% higher than the national average.

What Factors can Influence the Cost of Living in Camp Springs?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Camp Springs, the transportation index is 10.7% higher than the national average.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Camp Springs, the housing index is 76.3% higher than the national average.

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 Camp Springs, the groceries index is 12.6% higher than the national average.

Where is the Data From?

The Camp Springs 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 Camp Springs is 9% higher than the Maryland average
  • The cost of living in Camp Springs is 29% higher than the national average
  • Camp Springs housing is 76% 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 Camp Springs

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Compare Camp Springs, 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$107,326$8,944$2,504$3,220
      Renters$87,418$7,285$2,040$2,623
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Camp Springs, MD, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Camp Springs homeowners, is $107,326. This would allow for a maximum of $2,504 per month to be spent on housing costs. For renters, the median monthly income is $87,418 which would result in a maximum of $2,040 to be spent on rental 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 Camp Springs National avg. Difference
      Haircut $25.51$24.265.1%
      Beauty Salon $47.63$45.564.5%
      Toothpaste $3.62$3.702.1%
      Shampoo $1.34$1.284.4%
      Movie $13.08$12.137.8%
      Bowling $24.34$18.0035.2%

      Groceries

      Item Camp Springs National avg. Difference
      Ground Beef $6.08$5.844.1%
      Fried Chicken $1.41$1.5710.6%
      Milk $4.68$4.670.2%
      Potatoes $5.30$4.937.3%
      Pizza $12.49$12.093.4%
      Beer $10.83$10.414.0%

      Health Care

      Item Camp Springs National avg. Difference
      Optometrist $120.12$125.684.4%
      Doctor $135.82$135.780.0%
      Dentist $98.77$113.2912.8%
      Ibuprofen $10.80$10.651.4%
      Lipitor $485.49$468.603.6%

      Housing

      Item Camp Springs National avg. Difference
      Home Price $300,000.00$184,700.0062.4%
      Avg. Mortgage Payment $1,923.85$2,346.6918.0%
      Apartment Rent $1,981.00$949.00108.7%

      Transportation

      Item Camp Springs National avg. Difference
      Gasoline $3.34$3.463.6%
      Tire Balancing $64.70$59.928.0%

      Utilities

      Item Camp Springs National avg. Difference
      All Electricity $213.29$193.999.9%
      Phone $184.83$192.253.9%
      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.
      Cedarville, MD5771099.3%
      Rose Hill CDP (Lee County), VA708927.8%
      Potomac Heights, MD1,247936.5%
      Woodlawn CDP (Carroll County), VA2,247945.9%
      Belle Haven town, VA5621022.0%
      Camp Springs, MD21,82912929.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hazel Dell, WA21,83012323.3%
      Kings, Subd. A, NS21,831n/a 
      Clarksville, IN21,825927.8%
      Shelbyville, TN21,841909.7%
      Brent, FL21,8168614.4%
      Camp Springs, MD21,82912929.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.