F
57%
Overall NAT. AVG.
17%
Goods & Services NAT. AVG.
164%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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 Brock Hall Maryland National
Cost of living157119100
Goods & Services117106100
Groceries105106100
Health care11097100
Housing264150100
Transportation10698100
Utilities111111100

An Overview of Cost of Living in Brock Hall, MD

Are you thinking about relocating, but curious about the potential cost of living in Brock Hall? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Brock Hall stands at 157, making it 57% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Brock Hall is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Brock Hall falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in Brock Hall, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 163.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Brock Hall, these items will cost you 16.6% more than what's considered the norm, making it a more expensive place to call home.

Is Brock Hall Affordable?

Wondering if Brock Hall is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Brock Hall, for example, the median home price is 152.8% higher than what folks pay nationally, and monthly rent is 188.5% higher than the usual rates. Plus, income levels matter too, with Brock Hall boasting a median household income of $174,569, which is 215.6% higher than the national average.

What Factors can Influence the Cost of Living in Brock Hall?

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Brock Hall, the baseline sales tax rate begins at 6%, and income tax rates start at 2%.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Where is the Data From?

The Brock Hall cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Brock Hall is 33% higher than the Maryland average
  • The cost of living in Brock Hall is 57% higher than the national average
  • Brock Hall housing is 164% higher than the national average
  • Maryland general sales tax is 18% higher than the national average
  • Maryland state income tax is 11% lower than the national average

Most Affordable Places to Live in and Around Brock Hall

See all the best places to live around Brock Hall

Compare Brock Hall, MD Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$174,368$14,531$4,068$5,232
      Renters$178,000$14,833$4,153$5,341
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Brock Hall, MD, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Brock Hall, homeowners have a median income of $174,368. Using that number, a maximum of $4,068 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $178,000, which means there is a maximum of $4,153 to be spent on the costs of renting a home or apartment.

      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 Brock Hall National avg. Difference
      Haircut $41.31$24.2670.3%
      Beauty Salon $73.33$45.5660.9%
      Toothpaste $3.70$3.700.0%
      Shampoo $1.63$1.2827.4%
      Movie $15.72$12.1329.6%
      Bowling $24.56$18.0036.4%

      Groceries

      Item Brock Hall National avg. Difference
      Ground Beef $5.72$5.842.1%
      Fried Chicken $1.31$1.5716.5%
      Milk $4.83$4.673.3%
      Potatoes $5.15$4.934.5%
      Pizza $12.83$12.096.2%
      Beer $11.41$10.419.6%

      Health Care

      Item Brock Hall National avg. Difference
      Optometrist $112.83$125.6810.2%
      Doctor $156.21$135.7815.0%
      Dentist $135.09$113.2919.2%
      Ibuprofen $12.28$10.6515.3%
      Lipitor $426.27$468.609.0%

      Housing

      Item Brock Hall National avg. Difference
      Home Price $467,000.00$184,700.00152.8%
      Avg. Mortgage Payment $5,844.08$2,346.69149.0%
      Apartment Rent $2,738.00$949.00188.5%

      Transportation

      Item Brock Hall National avg. Difference
      Gasoline $3.37$3.462.7%
      Tire Balancing $75.27$59.9225.6%

      Utilities

      Item Brock Hall National avg. Difference
      All Electricity $227.70$193.9917.4%
      Phone $190.71$192.250.8%
      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.
      Cedarville, MD5771099.3%
      Cottage City, MD1,1501088.4%
      Silver Hill, MD5,15511414.0%
      Seat Pleasant, MD4,75311414.3%
      Capitol Heights, MD4,50511717.5%
      Brock Hall, MD10,92615757.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lawrenceburg, TN10,9258514.7%
      Hawaiian Paradise Park, HI10,92115151.2%
      Gonzales, LA10,932982.2%
      Oneida, NY10,918973.2%
      Waggaman, LA10,917927.9%
      Brock Hall, MD10,92615757.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.