Fort Washington 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.
IndexFort WashingtonMarylandNational
Cost of living index126115100
IndexFort WashingtonMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index178154100
Transportation index121108100
Utilities index9899100
A general overview of the cost of living index for Fort Washington, MD is displayed above. In Fort Washington, MD, the overall cost of living index is 126, which is 9% higher than the Maryland average and 26% 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 Fort Washington, 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 Fort Washington is 9% higher than the Maryland average.
  • The cost of living in Fort Washington is 26% higher than the national average.
  • The cost of housing in Fort Washington is 78% 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Fort Washington, MD to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Fort Washington, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Fort Washington, MD salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$116,791$9,733$2,725$3,504
Renters$45,120$3,760$1,053$1,354
One can approximate the cost of living and the housing affordability in Fort Washington, MD by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Fort Washington, MD have a median income of $116,791. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,725 per month to avoid calamity and poverty. The renters in the city have an income of about $45,120, which would make their monthly maximum allowable rental costs $1,053.

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 Fort Washington, 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

ItemFort WashingtonNational 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

ItemFort WashingtonNational 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

ItemFort WashingtonNational 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

ItemFort WashingtonNational avg.Difference
Home Price $308,800.00$175,700.0075.8%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,690.00$920.0083.7%

Transportation

ItemFort WashingtonNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemFort WashingtonNational 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%
Potomac Heights, MD1,12594-6%
Cedarville, MD61095-5%
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Fort Washington, MD24,06212626%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sun City West, AZ24,06698-2%
Cudahy, CA24,07311414%
San Fernando, CA24,05012222%
Maple Valley, WA24,04012525%
Northport, AL24,09295-5%
Fort Washington, MD24,06212626%
Source: The Fort Washington, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.