Frederick 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.
IndexFrederickMarylandNational
Cost of living index110115100
IndexFrederickMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index137154100
Transportation index108108100
Utilities index10199100
Displayed above is a general overview of the Frederick, MD cost of living index. The overall cost of living index in Frederick, MD is 110, which is 4% lower than the Maryland average and 10% higher 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 Frederick, MD are 1% higher than the Maryland average and 8% lower than the national average.

Did you know?

  • The cost of living in Frederick is 4% lower than the Maryland average.
  • The cost of living in Frederick is 10% higher than the national average.
  • The cost of housing in Frederick is 37% 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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Use the salary calculator to compare your current income in Frederick, 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 Frederick, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Frederick, 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$86,802$7,234$2,025$2,604
Renters$46,419$3,868$1,083$1,393
If you want to find a good determining factor for the cost of living and the general affordability of housing in Frederick, 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 Frederick, MD, the median monthly income is $86,802 for those who own their own homes. Under the standard rule, that income level would allow for $2,025 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,419, per the median income in the area. That would allow for renters to spend up to $1,083 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 assessing the complete cost of living in Frederick, MD, the Maryland income tax and the Maryland sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Maryland maximum surtax is 6%, and the Maryland sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Maryland.

Goods & Services

ItemFrederickNational 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

ItemFrederickNational 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

ItemFrederickNational 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

ItemFrederickNational avg.Difference
Home Price $242,100.00$175,700.0037.8%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,236.00$920.0034.3%

Transportation

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

Utilities

ItemFrederickNational 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.
Eakles Mill, MD01022%
Pondsville, MD711022%
Middleburg, MD191033%
Gapland, MD781022%
Trego-Rohrersville Station, MD861022%
Frederick, MD66,64611010%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Franklin, TN66,59611717%
Oshkosh, WI66,43093-7%
St. Charles, MO66,90099-1%
Kenner, LA66,92694-6%
Yorba Linda, CA66,33517575%
Frederick, MD66,64611010%
Source: The Frederick, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.