Camp Springs 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.
IndexCamp SpringsMarylandNational
Cost of living index119115100
IndexCamp SpringsMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index155154100
Transportation index121108100
Utilities index9899100
An overview of the general cost of living index for Camp Springs, MD is displayed above for your reference. Residents in Camp Springs, MD enjoy a cost of living index of 119. This index is 3% higher than the Maryland average, and 19% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Camp Springs, MD, the average cost of goods and services is 7% higher than it is in Maryland, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Camp Springs is 3% higher than the Maryland average.
  • The cost of living in Camp Springs is 19% higher than the national average.
  • The cost of housing in Camp Springs is 55% 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 Camp Springs, MD Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Camp Springs, MD to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Camp Springs, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Camp Springs, MD salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$95,403$7,950$2,226$2,862
Renters$53,563$4,464$1,250$1,607
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Camp Springs, 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 Camp Springs, MD homeowners, is $95,403. This would allow for a maximum of $2,226 per month to be spent on housing costs. For renters, the median monthly income is $53,563 which would result in a maximum of $1,250 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%
For those who live in Camp Springs, MD and want to know what the true cost of living is, they ought to look at both the Maryland income tax rate and the Maryland sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Maryland, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Maryland, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemCamp SpringsNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $53.25$34.6853.5%
Toothpaste $2.24$2.479.4%
Shampoo $1.02$1.020.2%
Movie $12.71$9.8728.8%
Bowling $5.38$4.3922.5%

Groceries

ItemCamp SpringsNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.66$1.4613.4%
Milk $2.68$2.3613.7%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $9.29$8.637.6%

Health Care

ItemCamp SpringsNational avg.Difference
Optometrist $73.50$99.7826.3%
Doctor $87.20$105.0317.0%
Dentist $86.40$88.702.6%
Ibuprofen $11.38$9.4120.9%
Lipitor $293.64$298.501.6%

Housing

ItemCamp SpringsNational avg.Difference
Home Price $259,700.00$175,700.0047.8%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,577.00$920.0071.4%

Transportation

ItemCamp SpringsNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemCamp SpringsNational avg.Difference
All Electricity$167.80$170.801.8%
Phone $27.32$28.263.3%
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.
Woodlawn, VA2,08286-14%
Potomac Heights, MD1,12594-6%
Cedarville, MD61095-5%
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Camp Springs, MD19,60011919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Columbia Heights, MN19,6051011%
North Amityville, NY19,60813232%
Midlothian, TX19,5901033%
Hazel Dell, WA19,59011414%
Wade Hampton, SC19,586100-0%
Camp Springs, MD19,60011919%
Source: The Camp Springs, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.