Bel Air 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 AirMarylandNational
Cost of living index99120100
IndexBel AirMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9092100
Housing index84154100
Transportation index104106100
Utilities index105103100
Here we can see a simple outline of the cost of living in Bel Air, MD. As you can see, with the average cost of living in Bel Air, MD being 99, that puts it 18% lower than the average of Maryland and 1% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Bel Air, MD, the price of goods and services are equal to the average of Maryland as well as 4% higher than the nation's average.

Did you know?

  • The cost of living in Bel Air is 18% lower than the Maryland average.
  • The cost of living in Bel Air is 1% lower than the national average.
  • The cost of housing in Bel Air is 16% lower 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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Compare Bel Air, MD Cost of living To Other Cities

Salary Calculator

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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
Use the salary calculator to compare your current income in Bel Air, MD to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Bel Air, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bel Air, MD salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,304$5,109$1,430$1,839
Renters$38,068$3,172$888$1,142
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bel Air, 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, MD homeowners have a median income of $61,304. Using that number, you will come up with a maximum of $1,430 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $38,068, which means there is a maximum of $888 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%
The Maryland sales tax and Maryland income tax rates should definitely be considered when determining the overall cost of living in Bel Air, MD. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Maryland sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Maryland income tax rates range from 2% to 5.75%.

Goods & Services

ItemBel AirNational 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 AirNational 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 AirNational 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 AirNational avg.Difference
Home Price $158,200.00$175,700.0010.0%
Avg. Mortgage Payment $1,577.31$1,133.2339.2%
Apartment Rent $655.00$920.0028.8%

Transportation

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

Utilities

ItemBel AirNational 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%
Middle River, MD26,6521033%
Edgewood, MD26,4791044%
Port Deposit, MD6391077%
Fawn Grove, PA4021033%
Bel Air, MD1,11999-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Great Neck Gardens, NY1,119230130%
Wenona, IL1,11986-14%
Wooster, AR1,11993-7%
Marvell, AR1,11975-25%
Fountain Green, UT1,11890-10%
Bel Air, MD1,11999-1%
Source: The Bel Air, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.