Cloverly 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.
IndexCloverlyMarylandNational
Cost of living index141115100
IndexCloverlyMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index239154100
Transportation index108108100
Utilities index10199100
A general overview of the cost of living index for Cloverly, MD is displayed above. In Cloverly, MD, the overall cost of living index is 141, which is 23% higher than the Maryland average and 41% 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 Cloverly, 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 Cloverly is 23% higher than the Maryland average.
  • The cost of living in Cloverly is 41% higher than the national average.
  • The cost of housing in Cloverly is 139% 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 Cloverly, MD Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Cloverly, MD to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Cloverly, MD, you have to earn a higher income in order to still have the same standard of living. To operate the Cloverly, MD salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$124,150$10,346$2,897$3,725
Renters$65,700$5,475$1,533$1,971
The affordability of the housing market in Cloverly, 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 Cloverly, MD homeowners, the median income is $124,150. This indicates that a monthly maximum of $2,897 should be spent by homeowners on all housing related costs. Renters have a median income of $65,700. This indicates that renters should have a maximum of $1,533 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 you are determining the total cost of living in Cloverly, 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

ItemCloverlyNational 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

ItemCloverlyNational 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

ItemCloverlyNational 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

ItemCloverlyNational avg.Difference
Home Price $473,200.00$175,700.00169.3%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,559.00$920.0069.5%

Transportation

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

Utilities

ItemCloverlyNational 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%
Seat Pleasant, MD4,6561055%
Landover, MD23,1121055%
Bladensburg, MD9,3711088%
Colmar Manor, MD1,7371088%
Cloverly, MD15,46714141%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newport, KY15,46785-15%
Glen Allen, VA15,4641088%
St. John, IN15,45611010%
Conyers, GA15,45693-7%
Groveton, VA15,47813232%
Cloverly, MD15,46714141%
Source: The Cloverly, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.