Cambridge 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.
IndexCambridgeMarylandNational
Cost of living index100120100
IndexCambridgeMarylandNational
Goods & Services index105104100
Groceries index105113100
Health care index9692100
Housing index93154100
Transportation index95106100
Utilities index109103100
A general overview of the cost of living index for Cambridge, MD is displayed above. In Cambridge, MD, the overall cost of living index is 100, which is 16% lower than the Maryland average and equal to 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 Cambridge, MD, the city's goods and services are 1% higher than the Maryland average and 5% higher than the U.S. average.

Did you know?

  • The cost of living in Cambridge is 16% lower than the Maryland average.
  • The cost of living in Cambridge is equal to the national average.
  • The cost of housing in Cambridge is 7% 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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Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Cambridge, MD to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Cambridge, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Cambridge, MD salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,144$4,595$1,287$1,654
Renters$22,756$1,896$531$683
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cambridge, MD as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Cambridge, MD homeowners, is $55,144. This would allow for a maximum of $1,287 per month to be spent on housing costs. For renters, the median monthly income is $22,756 which would result in a maximum of $531 to be spent on rental costs.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
When considering the overall cost of living expenses in Cambridge, MD, it's important to take into account the sales tax for Maryland, as well as the rate for income tax in Maryland. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Maryland is 6%, and the sales tax in the state of Maryland is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Maryland starts from 2% and goes up to 5.75%.

Goods & Services

ItemCambridgeNational avg.Difference
Haircut $12.33$15.5620.8%
Beauty Salon $33.33$36.117.7%
Toothpaste $2.63$2.476.2%
Shampoo $1.05$0.968.8%
Movie $11.67$10.1315.2%
Bowling $4.79$4.741.2%

Groceries

ItemCambridgeNational avg.Difference
Ground Beef $4.77$3.9819.8%
Fried Chicken $1.59$1.4112.8%
Milk $2.02$2.062.3%
Potatoes $3.74$2.9825.3%
Pizza $9.61$9.471.4%
Beer $9.66$8.799.8%

Health Care

ItemCambridgeNational avg.Difference
Optometrist $131.00$101.0429.6%
Doctor $82.39$107.4423.3%
Dentist $88.34$90.422.3%
Ibuprofen $9.90$9.286.7%
Lipitor $434.08$426.501.8%

Housing

ItemCambridgeNational avg.Difference
Home Price $166,000.00$175,700.005.5%
Avg. Mortgage Payment $861.28$1,133.2324.0%
Apartment Rent $817.00$920.0011.2%

Transportation

ItemCambridgeNational avg.Difference
Gasoline $1.88$1.995.6%
Tire Balancing $43.80$45.764.3%

Utilities

ItemCambridgeNational avg.Difference
All Electricity$182.99$163.8111.7%
Phone $29.95$28.395.5%
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.
Choptank, MD13693-7%
Hurlock, MD2,05698-2%
Secretary, MD85598-2%
Vienna, MD2041000%
East New Market, MD4681000%
Cambridge, MD12,5111000%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mountain Park CDP, GA12,5101055%
Mebane, NC12,50995-5%
Lexington Park, MD12,51611717%
Prosper, TX12,50311717%
Goldenrod, FL12,50095-5%
Cambridge, MD12,5111000%
Source: The Cambridge, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.