Cost Of Living in Lutherville, 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	Lutherville	Maryland	National
Cost of living	126	119	100
Goods & Services	103	106	100
Groceries	105	106	100
Health care	98	97	100
Housing	179	150	100
Transportation	101	98	100
Utilities	111	111	100

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Cost Of Living Quick Facts

The cost of living in Lutherville is 7% higher than the Maryland average
The cost of living in Lutherville is 26% higher than the national average
Lutherville housing is 79% 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	$129,355	$10,780	$3,018	$3,881
Renters	$47,930	$3,994	$1,118	$1,438

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lutherville, 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 Lutherville homeowners, is $129,355. This would allow for a maximum of $3,018 per month to be spent on housing costs. For renters, the median monthly income is $47,930 which would result in a maximum of $1,118 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	Lutherville	National avg.	Difference
Haircut	$28.33	$24.26	16.8%
Beauty Salon	$58.17	$45.56	27.7%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.44	$1.28	12.7%
Movie	$13.69	$12.13	12.9%
Bowling	$23.03	$18.00	27.9%

Groceries

Item	Lutherville	National avg.	Difference
Ground Beef	$6.23	$5.84	6.7%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.73	$4.67	1.2%
Potatoes	$5.46	$4.93	10.7%
Pizza	$13.24	$12.09	9.5%
Beer	$10.36	$10.41	0.5%

Health Care

Item	Lutherville	National avg.	Difference
Optometrist	$114.22	$125.68	9.1%
Doctor	$133.22	$135.78	1.9%
Dentist	$117.22	$113.29	3.5%
Ibuprofen	$11.10	$10.65	4.2%
Lipitor	$401.39	$468.60	14.3%

Housing

Item	Lutherville	National avg.	Difference
Home Price	$372,600.00	$184,700.00	101.7%
Avg. Mortgage Payment	$1,906.29	$2,346.69	18.8%
Apartment Rent	$1,189.00	$949.00	25.3%

Transportation

Item	Lutherville	National avg.	Difference
Gasoline	$3.46	$3.46	0.1%
Tire Balancing	$62.66	$59.92	4.6%

Utilities

Item	Lutherville	National avg.	Difference
All Electricity	$223.91	$193.99	15.4%
Phone	$199.62	$192.25	3.8%

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, MD	1,383	98	2.3%
Dundalk, MD	63,826	102	1.7%
Baltimore, MD	602,274	102	2.1%
Lansdowne, MD	8,635	102	2.4%
Essex, MD	39,307	105	5.5%
Lutherville, MD	6,715	126	26.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Scottsburg, IN	6,715	88	11.8%
Pembroke Park, FL	6,716	89	10.9%
Roslyn Heights, NY	6,716	200	100.2%
Avon, CO	6,711	145	45.1%
Linwood, NJ	6,719	119	18.9%
Lutherville, MD	6,715	126	26.4%

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 Lutherville, MD