Darnestown 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.
IndexDarnestownMarylandNational
Cost of living index169115100
IndexDarnestownMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index331154100
Transportation index108108100
Utilities index10199100
The above illustration supplies generalized information for the Darnestown, MD cost of living index. Compared to other cities in Maryland and cities across the country, the cost of living index in Darnestown, MD is 169, which is 46% higher than the Maryland average and 69% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Darnestown, MD are 1% higher than the average for Maryland and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Darnestown is 46% higher than the Maryland average.
  • The cost of living in Darnestown is 69% higher than the national average.
  • The cost of housing in Darnestown is 231% 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.

Find Real Estate Listings In Darnestown

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Darnestown

Compare Darnestown, MD Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Darnestown, 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 Darnestown, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Darnestown, 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$160,313$13,359$3,740$4,810
Renters$51,553$4,296$1,203$1,547
If you want to find a good determining factor for the cost of living and the general affordability of housing in Darnestown, 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 Darnestown, MD, the median monthly income is $160,313 for those who own their own homes. Under the standard rule, that income level would allow for $3,740 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,553, per the median income in the area. That would allow for renters to spend up to $1,203 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 you are determining the total cost of living in Darnestown, 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

ItemDarnestownNational 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

ItemDarnestownNational 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

ItemDarnestownNational 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

ItemDarnestownNational avg.Difference
Home Price $708,200.00$175,700.00303.1%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,491.00$920.0062.1%

Transportation

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

Utilities

ItemDarnestownNational 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.
Leisure World, MD9,0891088%
Montgomery Village, MD33,02711515%
Woodlawn CDP (Fairfax County), VA20,81111515%
Oak Grove, VA1,62512222%
Sterling, VA29,01612121%
Darnestown, MD6,84116969%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Waikoloa Village, HI6,84116767%
Withamsville, OH6,84189-11%
Hamilton, AL6,84278-22%
Franklin, CA6,84099-1%
Winters, CA6,84312020%
Darnestown, MD6,84116969%
Source: The Darnestown, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.