F
39%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
115%
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 Glenmont Maryland National
Cost of living139119100
Goods & Services109106100
Groceries108106100
Health care9797100
Housing215150100
Transportation9598100
Utilities110111100

An Overview of Cost of Living in Glenmont, MD

Are you thinking about relocating, but curious about the potential cost of living in Glenmont? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Glenmont stands at 139, making it 39% 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.

The cost of living in Glenmont is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Glenmont falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a very significant part of the Glenmont 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 115.4% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Glenmont Affordable?

Is Glenmont an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Glenmont, the median home price is 131.9% higher than what most folks pay across the country, and monthly rent prices are 76.7% higher than the usual rates. Income levels in Glenmont come in at $100,365, which is 81.4% higher than the national average.

What Factors can Influence the Cost of Living in Glenmont?

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Glenmont, healthcare costs are 2.8% lower than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Glenmont, the groceries index is 8.3% higher than the national average.

Where is the Data From?

The Glenmont 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 Glenmont is 17% higher than the Maryland average
  • The cost of living in Glenmont is 39% higher than the national average
  • Glenmont housing is 115% 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 Glenmont

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Compare Glenmont, 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$127,798$10,650$2,982$3,834
      Renters$74,137$6,178$1,730$2,224
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Glenmont, MD, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Glenmont, homeowners have a median income of $127,798. Using that number, a maximum of $2,982 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $74,137, which means there is a maximum of $1,730 to be spent on the costs of renting a home or apartment.

      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 Glenmont National avg. Difference
      Haircut $26.11$24.267.6%
      Beauty Salon $70.08$45.5653.8%
      Toothpaste $3.81$3.702.8%
      Shampoo $1.51$1.2817.9%
      Movie $15.69$12.1329.3%
      Bowling $24.83$18.0038.0%

      Groceries

      Item Glenmont National avg. Difference
      Ground Beef $6.24$5.846.9%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.78$4.672.2%
      Potatoes $5.49$4.9311.3%
      Pizza $12.56$12.093.9%
      Beer $11.10$10.416.6%

      Health Care

      Item Glenmont National avg. Difference
      Optometrist $92.00$125.6826.8%
      Doctor $135.03$135.780.5%
      Dentist $117.67$113.293.9%
      Ibuprofen $11.52$10.658.1%
      Lipitor $403.79$468.6013.8%

      Housing

      Item Glenmont National avg. Difference
      Home Price $428,400.00$184,700.00131.9%
      Avg. Mortgage Payment $4,819.29$2,346.69105.4%
      Apartment Rent $1,677.00$949.0076.7%

      Transportation

      Item Glenmont National avg. Difference
      Gasoline $3.25$3.466.0%
      Tire Balancing $59.00$59.921.5%

      Utilities

      Item Glenmont National avg. Difference
      All Electricity $222.47$193.9914.7%
      Phone $197.37$192.252.7%
      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.
      Cottage City, MD1,1501088.4%
      Seat Pleasant, MD4,75311414.3%
      Capitol Heights, MD4,50511717.5%
      Coral Hills, MD9,45711818.2%
      Landover, MD22,99111818.3%
      Glenmont, MD15,11113939.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Groveland, FL15,1091098.6%
      Hollins, VA15,113982.1%
      Lemon Hill, CA15,10411111.5%
      Berea, SC15,104919.3%
      Laurinburg, NC15,1188812.1%
      Glenmont, MD15,11113939.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.