F
28%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
83%
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 Maryland City Maryland National
Cost of living128119100
Goods & Services103106100
Groceries105106100
Health care9897100
Housing183150100
Transportation10198100
Utilities111111100

An Overview of Cost of Living in Maryland City, MD

Are you thinking about relocating, but curious about the potential cost of living in Maryland City? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Maryland City stands at 128, making it 28% 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 prioritize affordability when seeking a new place to live, Maryland City may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Maryland City falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a major factor in the Maryland City cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 82.6% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Maryland City Affordable?

Is Maryland City 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 Maryland City is 77.7% higher than the national average, while the average monthly rent prices are 94.1% higher than average. The affordability of any location can also be influenced by median income levels. Maryland City has a median household income of $98,811, which is 78.6% higher than the national average.

What Factors can Influence the Cost of Living in Maryland City?

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Maryland City, is 82.6% higher than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Maryland City, the transportation index stands at 1.3% higher than the national average.

Where is the Data From?

The cost of living in Maryland City, 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 Maryland City is 8% higher than the Maryland average
  • The cost of living in Maryland City is 28% higher than the national average
  • Maryland City housing is 83% 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 Maryland City

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Compare Maryland City, 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$115,392$9,616$2,692$3,462
      Renters$72,986$6,082$1,703$2,190
      A good indicator of the general affordability of housing in Maryland City, 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 Maryland City, the median monthly income is $115,392 for those who own their own homes. Under the standard rule, that income level would allow for $2,692 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $72,986, per the median income in the area. That would allow for renters to spend up to $1,703 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 Maryland City National avg. Difference
      Haircut $28.33$24.2616.8%
      Beauty Salon $58.17$45.5627.7%
      Toothpaste $3.69$3.700.3%
      Shampoo $1.44$1.2812.7%
      Movie $13.69$12.1312.9%
      Bowling $23.03$18.0027.9%

      Groceries

      Item Maryland City National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.73$4.671.2%
      Potatoes $5.46$4.9310.7%
      Pizza $13.24$12.099.5%
      Beer $10.36$10.410.5%

      Health Care

      Item Maryland City National avg. Difference
      Optometrist $114.22$125.689.1%
      Doctor $133.22$135.781.9%
      Dentist $117.22$113.293.5%
      Ibuprofen $11.10$10.654.2%
      Lipitor $401.39$468.6014.3%

      Housing

      Item Maryland City National avg. Difference
      Home Price $328,200.00$184,700.0077.7%
      Avg. Mortgage Payment $1,906.29$2,346.6918.8%
      Apartment Rent $1,842.00$949.0094.1%

      Transportation

      Item Maryland City National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $62.66$59.924.6%

      Utilities

      Item Maryland City National avg. Difference
      All Electricity $223.91$193.9915.4%
      Phone $199.62$192.253.8%
      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.
      Baltimore, MD602,2741022.1%
      Lansdowne, MD8,6351022.4%
      Cottage City, MD1,1501088.4%
      Baltimore Highlands, MD7,8801077.1%
      Woodlawn CDP (Prince George's County), MD7,8731077.4%
      Maryland City, MD17,68112827.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tallmadge, OH17,681954.9%
      Knik-Fairview, AK17,68212423.7%
      Spanish Lake, MO17,6828515.2%
      Alton, TX17,6838019.8%
      Laurel, VA17,6781065.6%
      Maryland City, MD17,68112827.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.