Ellicott City 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.
IndexEllicott CityMarylandNational
Cost of living index144115100
IndexEllicott CityMarylandNational
Goods & Services index9191100
Groceries index111112100
Health care index9088100
Housing index251154100
Transportation index109108100
Utilities index9799100
Here we can see a simple outline of the cost of living in Ellicott City, MD. As you can see, with the average cost of living in Ellicott City, MD being 144, that puts it 25% higher than the average of Maryland and 44% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Ellicott City, MD, the price of goods and services are 1% lower than the average of Maryland as well as 9% lower than the nation's average.

Did you know?

  • The cost of living in Ellicott City is 25% higher than the Maryland average.
  • The cost of living in Ellicott City is 44% higher than the national average.
  • The cost of housing in Ellicott City is 151% 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 Ellicott City, MD Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
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Using the salary calculator lets you compare the salary you earn in Ellicott City, 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 Ellicott City, MD, you have to earn a higher income in order to still have the same standard of living. To operate the Ellicott City, 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$141,902$11,825$3,311$4,257
Renters$59,081$4,923$1,378$1,773
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Ellicott City, MD, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Ellicott City, MD homeowners have a median income of $141,902. Using that number, you will come up with a maximum of $3,311 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $59,081, which means there is a maximum of $1,378 to be spent on the costs of renting a home or apartment.

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 Ellicott City, 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

ItemEllicott CityNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $43.00$34.6824.0%
Toothpaste $2.13$2.4713.9%
Shampoo $0.99$1.023.1%
Movie $10.81$9.879.5%
Bowling $5.30$4.3920.7%

Groceries

ItemEllicott CityNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.57$1.467.2%
Milk $2.59$2.369.9%
Potatoes $3.89$3.0627.1%
Pizza $8.00$9.2413.4%
Beer $8.49$8.631.7%

Health Care

ItemEllicott CityNational avg.Difference
Optometrist $67.49$99.7832.4%
Doctor $80.00$105.0323.8%
Dentist $81.75$88.707.8%
Ibuprofen $10.58$9.4112.4%
Lipitor $293.64$298.501.6%

Housing

ItemEllicott CityNational avg.Difference
Home Price $507,300.00$175,700.00188.7%
Avg. Mortgage Payment $1,575.45$1,081.0345.7%
Apartment Rent $1,484.00$920.0061.3%

Transportation

ItemEllicott CityNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.80$45.297.8%

Utilities

ItemEllicott CityNational avg.Difference
All Electricity$159.30$170.806.7%
Phone $28.67$28.261.5%
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.
Baltimore, MD622,27196-4%
Lansdowne, MD8,71498-2%
Baltimore Highlands, MD7,0781000%
Parkville, MD31,6061022%
Lochearn, MD25,8881033%
Ellicott City, MD68,50714444%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Casas Adobes, AZ68,52599-1%
Waterloo, IA68,39286-14%
Missoula, MT68,3771044%
Rock Hill, SC68,18594-6%
Temple, TX68,87787-13%
Ellicott City, MD68,50714444%
Source: The Ellicott City, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.