Cost Of Living in Four Corners, MD

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	Four Corners	Maryland	National
Cost of living	153	119	100
Goods & Services	109	106	100
Groceries	108	106	100
Health care	97	97	100
Housing	260	150	100
Transportation	95	98	100
Utilities	110	111	100

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Cost Of Living Quick Facts

The cost of living in Four Corners is 29% higher than the Maryland average
The cost of living in Four Corners is 53% higher than the national average
Four Corners housing is 160% 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

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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	$167,065	$13,922	$3,898	$5,012
Renters	$112,813	$9,401	$2,632	$3,385

A good indicator of the general affordability of housing in Four Corners, 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 Four Corners, the median monthly income is $167,065 for those who own their own homes. Under the standard rule, that income level would allow for $3,898 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $112,813, per the median income in the area. That would allow for renters to spend up to $2,632 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	Four Corners	National avg.	Difference
Haircut	$26.11	$24.26	7.6%
Beauty Salon	$70.08	$45.56	53.8%
Toothpaste	$3.81	$3.70	2.8%
Shampoo	$1.51	$1.28	17.9%
Movie	$15.69	$12.13	29.3%
Bowling	$24.83	$18.00	38.0%

Groceries

Item	Four Corners	National avg.	Difference
Ground Beef	$6.24	$5.84	6.9%
Fried Chicken	$1.40	$1.57	11.0%
Milk	$4.78	$4.67	2.2%
Potatoes	$5.49	$4.93	11.3%
Pizza	$12.56	$12.09	3.9%
Beer	$11.10	$10.41	6.6%

Health Care

Item	Four Corners	National avg.	Difference
Optometrist	$92.00	$125.68	26.8%
Doctor	$135.03	$135.78	0.5%
Dentist	$117.67	$113.29	3.9%
Ibuprofen	$11.52	$10.65	8.1%
Lipitor	$403.79	$468.60	13.8%

Housing

Item	Four Corners	National avg.	Difference
Home Price	$490,400.00	$184,700.00	165.5%
Avg. Mortgage Payment	$4,819.29	$2,346.69	105.4%
Apartment Rent	$2,358.00	$949.00	148.5%

Transportation

Item	Four Corners	National avg.	Difference
Gasoline	$3.25	$3.46	6.0%
Tire Balancing	$59.00	$59.92	1.5%

Utilities

Item	Four Corners	National avg.	Difference
All Electricity	$222.47	$193.99	14.7%
Phone	$197.37	$192.25	2.7%

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.
Wakefield town, VA	810	95	4.6%
Cottage City, MD	1,150	108	8.4%
Silver Hill, MD	5,155	114	14.0%
Seat Pleasant, MD	4,753	114	14.3%
Capitol Heights, MD	4,505	117	17.5%
Four Corners, MD	8,268	153	52.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lac la Biche County, AB	8,268	n/a
Orting, WA	8,267	129	29.3%
Chester, IL	8,264	83	17.4%
Mammoth Lakes, CA	8,263	144	43.6%
Hornell, NY	8,274	84	15.9%
Four Corners, MD	8,268	153	52.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Four Corners, MD