Bel Air North cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBel Air NorthMarylandNational
Cost of living index125120100
IndexBel Air NorthMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9092100
Housing index173154100
Transportation index104106100
Utilities index105103100
Displayed above is a general overview of the Bel Air North, MD cost of living index. The overall cost of living index in Bel Air North, MD is 125, which is 5% higher than the Maryland average and 25% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Bel Air North, MD are equal to the Maryland average and 4% higher than the national average.

Did you know?

  • The cost of living in Bel Air North is 5% higher than the Maryland average.
  • The cost of living in Bel Air North is 25% higher than the national average.
  • The cost of housing in Bel Air North is 73% higher than the national average.
  • Maryland general sales tax is 18% higher than the national average.
  • Maryland state income tax is 10% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Bel Air North, MD to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Bel Air North, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Bel Air North, MD salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$103,463$8,622$2,414$3,104
Renters$61,563$5,130$1,436$1,847
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bel Air North, MD, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Bel Air North, MD homeowners have a median income of $103,463. Using that number, you will come up with a maximum of $2,414 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $61,563, which means there is a maximum of $1,436 to be spent on the costs of renting a home or apartment.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
When you are determining the total cost of living in Bel Air North, MD you will want to make sure you consider both the Maryland sales tax and the Maryland income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Maryland is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Maryland have a range from 2% to 5.75%.

Goods & Services

ItemBel Air NorthNational avg.Difference
Haircut $19.22$15.5623.5%
Beauty Salon $55.47$36.1153.6%
Toothpaste $2.46$2.470.6%
Shampoo $1.00$0.964.0%
Movie $11.17$10.1310.3%
Bowling $5.30$4.7411.9%

Groceries

ItemBel Air NorthNational avg.Difference
Ground Beef $4.46$3.9811.9%
Fried Chicken $1.78$1.4126.7%
Milk $2.52$2.0622.1%
Potatoes $3.77$2.9826.4%
Pizza $9.91$9.474.6%
Beer $9.57$8.798.9%

Health Care

ItemBel Air NorthNational avg.Difference
Optometrist $70.89$101.0429.8%
Doctor $85.25$107.4420.7%
Dentist $79.83$90.4211.7%
Ibuprofen $9.99$9.287.7%
Lipitor $435.17$426.502.0%

Housing

ItemBel Air NorthNational avg.Difference
Home Price $310,900.00$175,700.0076.9%
Avg. Mortgage Payment $1,577.31$1,133.2339.2%
Apartment Rent $1,504.00$920.0063.5%

Transportation

ItemBel Air NorthNational avg.Difference
Gasoline $2.05$1.992.9%
Tire Balancing $48.35$45.765.7%

Utilities

ItemBel Air NorthNational avg.Difference
All Electricity$177.91$163.818.6%
Phone $28.67$28.391.0%
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, StatePopulationCost of Living IndexNational Avg.
Delta, PA63695-5%
Bel Air, MD1,11999-1%
Susquehanna Trails, PA2,90698-2%
Stewartstown, PA2,130100-0%
Edgewood, MD26,4791044%
Bel Air North, MD30,75812525%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Chicago, IL30,7601011%
New Iberia, LA30,75087-13%
Laguna Hills, CA30,76816565%
Fruit Cove, FL30,77012020%
Jamestown, NY30,79978-22%
Bel Air North, MD30,75812525%
Source: The Bel Air North, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.