Cost Of Living in Thurmont, 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	Thurmont	Maryland	National
Cost of living	114	119	100
Goods & Services	109	106	100
Groceries	108	106	100
Health care	97	97	100
Housing	132	150	100
Transportation	95	98	100
Utilities	110	111	100

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Cost Of Living Quick Facts

The cost of living in Thurmont is 4% lower than the Maryland average
The cost of living in Thurmont is 14% higher than the national average
Thurmont housing is 32% 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	$95,676	$7,973	$2,232	$2,871
Renters	$52,625	$4,385	$1,228	$1,579

A good indicator of the general affordability of housing in Thurmont, 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 Thurmont, the median monthly income is $95,676 for those who own their own homes. Under the standard rule, that income level would allow for $2,232 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $52,625, per the median income in the area. That would allow for renters to spend up to $1,228 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	Thurmont	National avg.	Difference
Haircut	$26.11	$24.26	7.6%
Beauty Salon	$70.08	$45.56	53.8%
Toothpaste	$3.81	$3.70	2.8%
Shampoo	$1.51	$1.28	17.9%
Movie	$15.69	$12.13	29.3%
Bowling	$24.83	$18.00	38.0%

Groceries

Item	Thurmont	National avg.	Difference
Ground Beef	$6.24	$5.84	6.9%
Fried Chicken	$1.40	$1.57	11.0%
Milk	$4.78	$4.67	2.2%
Potatoes	$5.49	$4.93	11.3%
Pizza	$12.56	$12.09	3.9%
Beer	$11.10	$10.41	6.6%

Health Care

Item	Thurmont	National avg.	Difference
Optometrist	$92.00	$125.68	26.8%
Doctor	$135.03	$135.78	0.5%
Dentist	$117.67	$113.29	3.9%
Ibuprofen	$11.52	$10.65	8.1%
Lipitor	$403.79	$468.60	13.8%

Housing

Item	Thurmont	National avg.	Difference
Home Price	$263,900.00	$184,700.00	42.9%
Avg. Mortgage Payment	$4,819.29	$2,346.69	105.4%
Apartment Rent	$1,024.00	$949.00	7.9%

Transportation

Item	Thurmont	National avg.	Difference
Gasoline	$3.25	$3.46	6.0%
Tire Balancing	$59.00	$59.92	1.5%

Utilities

Item	Thurmont	National avg.	Difference
All Electricity	$222.47	$193.99	14.7%
Phone	$197.37	$192.25	2.7%

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.
Fort Ritchie, MD	48	106	6.3%
Pondsville, MD	39	106	6.3%
Mount Briar, MD	117	106	6.3%
Middleburg, MD	0	104	3.9%
Sabillasville, MD	390	106	6.3%
Thurmont, MD	6,783	114	14.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fairwood, MD	6,780	166	65.8%
Pacific, MO	6,780	92	7.9%
Osceola, AR	6,786	81	18.5%
Dysart et al, ON	6,779	n/a
Peace River C, BC	6,779	n/a
Thurmont, MD	6,783	114	14.1%

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 Thurmont, MD