F
21%
Overall NAT. AVG.
17%
Goods & Services NAT. AVG.
44%
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 Langley Park Maryland National
Cost of living121119100
Goods & Services117106100
Groceries105106100
Health care11097100
Housing144150100
Transportation10698100
Utilities111111100

An Overview of Cost of Living in Langley Park, MD

Are you thinking about relocating, but curious about the potential cost of living in Langley Park? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Langley Park 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 you value affordability in your search for a new place to live, Langley Park may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Langley Park falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs are a very significant part of the Langley Park 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 44.3% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Langley Park, you you will have to spend 16.6% more than average when compared to the typical prices for these items, making it a more expensive place to live.

Is Langley Park Affordable?

Is Langley Park 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 Langley Park, for instance, where the median home price falls 42.4% higher than the national average, and monthly rent rates are 48.6% higher than usual. Additionally, median income levels contribute to the equation, with Langley Park flaunting a median household income of $63,789, 15.3% higher than the national norm.

What Factors can Influence the Cost of Living in Langley Park?

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 Langley Park, healthcare costs are 10% higher than the national average.

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 Langley Park, the standard sales tax rate starts at 6%, and the income tax rates commence at 2%.

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.

Where is the Data From?

The cost of living in Langley Park, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Langley Park is 2% higher than the Maryland average
  • The cost of living in Langley Park is 21% higher than the national average
  • Langley Park housing is 44% 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 Langley Park

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Compare Langley Park, 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$71,078$5,923$1,658$2,133
      Renters$58,862$4,905$1,373$1,766
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Langley Park, 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 Langley Park homeowners, is $71,078. This would allow for a maximum of $1,658 per month to be spent on housing costs. For renters, the median monthly income is $58,862 which would result in a maximum of $1,373 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 Langley Park National avg. Difference
      Haircut $41.31$24.2670.3%
      Beauty Salon $73.33$45.5660.9%
      Toothpaste $3.70$3.700.0%
      Shampoo $1.63$1.2827.4%
      Movie $15.72$12.1329.6%
      Bowling $24.56$18.0036.4%

      Groceries

      Item Langley Park National avg. Difference
      Ground Beef $5.72$5.842.1%
      Fried Chicken $1.31$1.5716.5%
      Milk $4.83$4.673.3%
      Potatoes $5.15$4.934.5%
      Pizza $12.83$12.096.2%
      Beer $11.41$10.419.6%

      Health Care

      Item Langley Park National avg. Difference
      Optometrist $112.83$125.6810.2%
      Doctor $156.21$135.7815.0%
      Dentist $135.09$113.2919.2%
      Ibuprofen $12.28$10.6515.3%
      Lipitor $426.27$468.609.0%

      Housing

      Item Langley Park National avg. Difference
      Home Price $263,100.00$184,700.0042.4%
      Avg. Mortgage Payment $5,844.08$2,346.69149.0%
      Apartment Rent $1,410.00$949.0048.6%

      Transportation

      Item Langley Park National avg. Difference
      Gasoline $3.37$3.462.7%
      Tire Balancing $75.27$59.9225.6%

      Utilities

      Item Langley Park National avg. Difference
      All Electricity $227.70$193.9917.4%
      Phone $190.71$192.250.8%
      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.
      Rose Hill CDP (Lee County), VA708927.8%
      Wakefield town, VA810954.6%
      Belle Haven town, VA5621022.0%
      Cottage City, MD1,1501088.4%
      Silver Hill, MD5,15511414.0%
      Langley Park, MD19,39112121.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Yorkville, IL19,38611313.2%
      Montrose, CO19,3961065.7%
      Five Forks, SC19,39912424.0%
      Fairwood, WA19,40014847.6%
      Johnstown, PA19,3818020.1%
      Langley Park, MD19,39112121.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.