Cost Of Living in Shady Side, 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	Shady Side	Maryland	National
Cost of living	136	119	100
Goods & Services	117	106	100
Groceries	105	106	100
Health care	110	97	100
Housing	193	150	100
Transportation	106	98	100
Utilities	111	111	100

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Cost Of Living Quick Facts

The cost of living in Shady Side is 15% higher than the Maryland average
The cost of living in Shady Side is 36% higher than the national average
Shady Side housing is 93% 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	$111,288	$9,274	$2,597	$3,339
Renters	$97,059	$8,088	$2,265	$2,912

To approximate the cost of living and the housing affordability in Shady Side, MD, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Shady Side have a median income of $111,288. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,597 per month to avoid calamity and poverty. The renters in the city have an income of about $97,059, which would make their monthly maximum allowable rental costs $2,265.

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	Shady Side	National avg.	Difference
Haircut	$41.31	$24.26	70.3%
Beauty Salon	$73.33	$45.56	60.9%
Toothpaste	$3.70	$3.70	0.0%
Shampoo	$1.63	$1.28	27.4%
Movie	$15.72	$12.13	29.6%
Bowling	$24.56	$18.00	36.4%

Groceries

Item	Shady Side	National avg.	Difference
Ground Beef	$5.72	$5.84	2.1%
Fried Chicken	$1.31	$1.57	16.5%
Milk	$4.83	$4.67	3.3%
Potatoes	$5.15	$4.93	4.5%
Pizza	$12.83	$12.09	6.2%
Beer	$11.41	$10.41	9.6%

Health Care

Item	Shady Side	National avg.	Difference
Optometrist	$112.83	$125.68	10.2%
Doctor	$156.21	$135.78	15.0%
Dentist	$135.09	$113.29	19.2%
Ibuprofen	$12.28	$10.65	15.3%
Lipitor	$426.27	$468.60	9.0%

Housing

Item	Shady Side	National avg.	Difference
Home Price	$339,000.00	$184,700.00	83.5%
Avg. Mortgage Payment	$5,844.08	$2,346.69	149.0%
Apartment Rent	$2,052.00	$949.00	116.2%

Transportation

Item	Shady Side	National avg.	Difference
Gasoline	$3.37	$3.46	2.7%
Tire Balancing	$75.27	$59.92	25.6%

Utilities

Item	Shady Side	National avg.	Difference
All Electricity	$227.70	$193.99	17.4%
Phone	$190.71	$192.25	0.8%

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.
Upper Marlboro, MD	586	122	22.4%
North Beach, MD	2,790	125	24.6%
Marlboro Village, MD	9,505	126	26.3%
Tilghman Island, MD	831	126	25.9%
Marlboro Meadows, MD	3,705	129	28.8%
Shady Side, MD	4,885	136	36.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Cherokee Village, AR	4,883	79	20.6%
Cherokee, IA	4,883	80	19.8%
Port Allen, LA	4,883	93	7.4%
Flower Hill, NY	4,883	284	183.8%
Kingfisher, OK	4,887	91	9.5%
Shady Side, MD	4,885	136	36.2%

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 Shady Side, MD