Cresaptown 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.
IndexCresaptownMarylandNational
Cost of living index93120100
IndexCresaptownMarylandNational
Goods & Services index104104100
Groceries index94113100
Health care index10392100
Housing index79154100
Transportation index90106100
Utilities index95103100
Displayed above is a general overview of the Cresaptown, MD cost of living index. The overall cost of living index in Cresaptown, MD is 93, which is 23% lower than the Maryland average and 7% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Cresaptown, MD are equal to the Maryland average and 4% higher than the national average.

Did you know?

  • The cost of living in Cresaptown is 23% lower than the Maryland average.
  • The cost of living in Cresaptown is 7% lower than the national average.
  • The cost of housing in Cresaptown is 21% 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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Compare Cresaptown, MD Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Cresaptown, 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 Cresaptown, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Cresaptown, 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$49,330$4,111$1,151$1,480
Renters$15,343$1,279$358$460
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cresaptown, 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 Cresaptown, MD homeowners, is $49,330. This would allow for a maximum of $1,151 per month to be spent on housing costs. For renters, the median monthly income is $15,343 which would result in a maximum of $358 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 you are determining the total cost of living in Cresaptown, 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

ItemCresaptownNational avg.Difference
Haircut $10.22$15.5634.4%
Beauty Salon $30.25$36.1116.2%
Toothpaste $3.08$2.4724.6%
Shampoo $1.19$0.9623.0%
Movie $9.67$10.134.5%
Bowling $4.67$4.741.4%

Groceries

ItemCresaptownNational avg.Difference
Ground Beef $3.95$3.980.8%
Fried Chicken $1.17$1.4116.9%
Milk $1.81$2.0612.5%
Potatoes $3.08$2.983.2%
Pizza $9.83$9.473.8%
Beer $9.36$8.796.4%

Health Care

ItemCresaptownNational avg.Difference
Optometrist $89.89$101.0411.0%
Doctor $104.33$107.442.9%
Dentist $98.75$90.429.2%
Ibuprofen $9.77$9.285.3%
Lipitor $422.49$426.500.9%

Housing

ItemCresaptownNational avg.Difference
Home Price $139,600.00$175,700.0020.5%
Avg. Mortgage Payment $1,055.75$1,133.236.8%
Apartment Rent $731.00$920.0020.5%

Transportation

ItemCresaptownNational avg.Difference
Gasoline $1.94$1.992.8%
Tire Balancing $33.88$45.7626.0%

Utilities

ItemCresaptownNational avg.Difference
All Electricity$157.60$163.813.8%
Phone $27.03$28.394.8%
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.
Ocean, MD999-1%
Oldtown, MD7999-1%
Detmold, MD19299-1%
National, MD1199-1%
Bier, MD19499-1%
Cresaptown, MD5,04893-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sheldon, IA5,04791-9%
Gates, NY5,04993-7%
Harlan, IA5,04784-16%
Flora, IL5,04579-21%
Salem, NJ5,04597-3%
Cresaptown, MD5,04893-7%
Source: The Cresaptown, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.