Coral Hills 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.
IndexCoral HillsMarylandNational
Cost of living index107115100
IndexCoral HillsMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index115154100
Transportation index121108100
Utilities index9899100
A general overview of the cost of living index for Coral Hills, MD is displayed above. In Coral Hills, MD, the overall cost of living index is 107, which is 7% lower than the Maryland average and 7% 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 Coral Hills, MD, the city's goods and services are 7% higher than the Maryland average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Coral Hills is 7% lower than the Maryland average.
  • The cost of living in Coral Hills is 7% higher than the national average.
  • The cost of housing in Coral Hills is 15% 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 Coral Hills, MD Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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The salary calculator is meant to help you compare your salary in Coral Hills, 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 Coral Hills, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Coral Hills, 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$69,592$5,799$1,624$2,088
Renters$48,887$4,074$1,141$1,467
If you want to find a good determining factor for the cost of living and the general affordability of housing in Coral Hills, MD, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Coral Hills, MD, the median monthly income is $69,592 for those who own their own homes. Under the standard rule, that income level would allow for $1,624 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,887, per the median income in the area. That would allow for renters to spend up to $1,141 on monthly rental expenses.

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 Coral Hills, 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

ItemCoral HillsNational 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

ItemCoral HillsNational 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

ItemCoral HillsNational 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

ItemCoral HillsNational avg.Difference
Home Price $188,900.00$175,700.007.5%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,225.00$920.0033.2%

Transportation

ItemCoral HillsNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemCoral HillsNational 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%
Cedarville, MD61095-5%
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Capitol Heights, MD4,4521055%
Coral Hills, MD10,1961077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
San Diego Country Estates, CA10,19114242%
Lexington, NE10,18983-17%
Uniontown, PA10,20387-13%
Valley Cottage, NY10,18514848%
Harrison, OH10,21291-9%
Coral Hills, MD10,1961077%
Source: The Coral Hills, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.