Bowleys Quarters 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.
IndexBowleys QuartersMarylandNational
Cost of living index113120100
IndexBowleys QuartersMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9092100
Housing index132154100
Transportation index104106100
Utilities index105103100
Displayed above is a general overview of the Bowleys Quarters, MD cost of living index. The overall cost of living index in Bowleys Quarters, MD is 113, which is 6% lower than the Maryland average and 13% 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 Bowleys Quarters, MD are equal to the Maryland average and 4% higher than the national average.

Did you know?

  • The cost of living in Bowleys Quarters is 6% lower than the Maryland average.
  • The cost of living in Bowleys Quarters is 13% higher than the national average.
  • The cost of housing in Bowleys Quarters is 32% 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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Compare Bowleys Quarters, MD Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Bowleys Quarters, MD would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Bowleys Quarters, MD, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Bowleys Quarters, MD salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$84,125$7,010$1,963$2,524
Renters$31,587$2,632$737$948
The affordability of the housing market in Bowleys Quarters, MD as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bowleys Quarters, MD homeowners, the median income is $84,125. This indicates that a monthly maximum of $1,963 should be spent by homeowners on all housing related costs. Renters have a median income of $31,587. This indicates that renters should have a maximum of $737 used for their rent related monthly costs.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
When assessing the complete cost of living in Bowleys Quarters, MD, the Maryland income tax and the Maryland sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Maryland maximum surtax is 6%, and the Maryland sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Maryland.

Goods & Services

ItemBowleys QuartersNational 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

ItemBowleys QuartersNational 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

ItemBowleys QuartersNational 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

ItemBowleys QuartersNational avg.Difference
Home Price $252,000.00$175,700.0043.4%
Avg. Mortgage Payment $1,577.31$1,133.2339.2%
Apartment Rent $972.00$920.005.7%

Transportation

ItemBowleys QuartersNational avg.Difference
Gasoline $2.05$1.992.9%
Tire Balancing $48.35$45.765.7%

Utilities

ItemBowleys QuartersNational 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.
Edesville, MD145100-0%
Dundalk, MD62,1861011%
Baltimore, MD622,2711011%
Middle River, MD26,6521033%
Essex, MD37,3801044%
Bowleys Quarters, MD6,41911313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Madras, OR6,41997-3%
St. Augustine Beach, FL6,42211313%
Union, OH6,42594-6%
Henderson, TN6,42985-15%
Shields, MI6,43088-12%
Bowleys Quarters, MD6,41911313%
Source: The Bowleys Quarters, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.