Cost Of Living in Smith Island, 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	Smith Island	Maryland	National
Cost of living	89	119	100
Goods & Services	106	106	100
Groceries	100	106	100
Health care	104	97	100
Housing	58	150	100
Transportation	98	98	100
Utilities	95	111	100

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Cost Of Living Quick Facts

The cost of living in Smith Island is 25% lower than the Maryland average
The cost of living in Smith Island is 11% lower than the national average
Smith Island housing is 42% lower 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	$70,000	$5,833	$1,633	$2,100
Renters	$0	$0	$0	$0

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	Smith Island	National avg.	Difference
Haircut	$29.11	$24.26	20.0%
Beauty Salon	$52.88	$45.56	16.1%
Toothpaste	$3.76	$3.70	1.6%
Shampoo	$1.20	$1.28	6.5%
Movie	$13.93	$12.13	14.8%
Bowling	$23.28	$18.00	29.3%

Groceries

Item	Smith Island	National avg.	Difference
Ground Beef	$5.47	$5.84	6.3%
Fried Chicken	$1.34	$1.57	14.8%
Milk	$4.61	$4.67	1.3%
Potatoes	$5.39	$4.93	9.2%
Pizza	$12.81	$12.09	6.0%
Beer	$10.53	$10.41	1.1%

Health Care

Item	Smith Island	National avg.	Difference
Optometrist	$144.11	$125.68	14.7%
Doctor	$139.66	$135.78	2.9%
Dentist	$132.33	$113.29	16.8%
Ibuprofen	$10.65	$10.65	0.0%
Lipitor	$369.07	$468.60	21.2%

Housing

Item	Smith Island	National avg.	Difference
Home Price	$107,600.00	$184,700.00	41.7%
Avg. Mortgage Payment	$2,380.70	$2,346.69	1.4%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Smith Island	National avg.	Difference
Gasoline	$3.40	$3.46	1.7%
Tire Balancing	$57.32	$59.92	4.3%

Utilities

Item	Smith Island	National avg.	Difference
All Electricity	$182.13	$193.99	6.1%
Phone	$182.79	$192.25	4.9%

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.
Frenchtown-Rumbly, MD	27	102	2.0%
Crisfield, MD	2,572	88	11.8%
Tangier, VA	506	91	9.4%
Deal Island, MD	316	91	8.8%
Fairmount, MD	412	100	0.1%
Smith Island, MD	261	89	11.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Moro, AR	261	79	21.1%
Acampo, CA	261	114	14.2%
Lineville, IA	261	76	24.3%
Shamrock Lakes, IN	261	93	6.8%
Belfry, KY	261	97	3.5%
Smith Island, MD	261	89	11.1%

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 Smith Island, MD