Calverton 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.
IndexCalvertonMarylandNational
Cost of living index123115100
IndexCalvertonMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index180154100
Transportation index108108100
Utilities index10199100
A general overview of the cost of living index for Calverton, MD is displayed above. In Calverton, MD, the overall cost of living index is 123, which is 7% higher than the Maryland average and 23% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Calverton, MD, the city's goods and services are 1% higher than the Maryland average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in Calverton is 7% higher than the Maryland average.
  • The cost of living in Calverton is 23% higher than the national average.
  • The cost of housing in Calverton is 80% 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 Calverton, MD Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Calverton, 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 Calverton, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Calverton, 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$99,730$8,311$2,327$2,992
Renters$52,431$4,369$1,223$1,573
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Calverton, MD, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Calverton, MD has a median income of about $99,730 for people who own homes. Based on that number, a person should spend a maximum of $2,327 on expenses related to housing. Renters have a slightly different median income, which is $52,431. Based on this average, renters should spend no more than $1,223 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Calverton, 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

ItemCalvertonNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $47.00$34.6835.5%
Toothpaste $2.18$2.4711.9%
Shampoo $0.99$1.023.1%
Movie $11.94$9.8721.0%
Bowling $5.30$4.3920.7%

Groceries

ItemCalvertonNational avg.Difference
Ground Beef $2.99$4.4833.2%
Fried Chicken $1.59$1.468.6%
Milk $2.65$2.3612.4%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $8.59$8.630.5%

Health Care

ItemCalvertonNational avg.Difference
Optometrist $71.67$99.7828.2%
Doctor $64.00$105.0339.1%
Dentist $81.75$88.707.8%
Ibuprofen $10.83$9.4115.1%
Lipitor $293.64$298.501.6%

Housing

ItemCalvertonNational avg.Difference
Home Price $302,200.00$175,700.0072.0%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,827.00$920.0098.6%

Transportation

ItemCalvertonNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.00$45.296.0%

Utilities

ItemCalvertonNational avg.Difference
All Electricity$178.68$170.804.6%
Phone $26.86$28.264.9%
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.
Cottage City, MD1,07099-1%
Capitol Heights, MD4,4521055%
Seat Pleasant, MD4,6561055%
Landover, MD23,1121055%
Coral Hills, MD10,1961077%
Calverton, MD18,48812323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Point Pleasant, NJ18,48113333%
Bryant, AR18,49795-5%
Horizon City, TX18,47790-10%
Deerfield, IL18,47615050%
Jasmine Estates, FL18,47085-15%
Calverton, MD18,48812323%
Source: The Calverton, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.