Gaithersburg 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.
IndexGaithersburgMarylandNational
Cost of living index128115100
IndexGaithersburgMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index194154100
Transportation index108108100
Utilities index10199100
Displayed above is a general overview of the Gaithersburg, MD cost of living index. The overall cost of living index in Gaithersburg, MD is 128, which is 11% higher than the Maryland average and 28% 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 Gaithersburg, MD are 1% higher than the Maryland average and 8% lower than the national average.

Did you know?

  • The cost of living in Gaithersburg is 11% higher than the Maryland average.
  • The cost of living in Gaithersburg is 28% higher than the national average.
  • The cost of housing in Gaithersburg is 94% 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 Gaithersburg, MD Cost of living To Other Cities

Salary Calculator

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The salary calculator is meant to help you compare your salary in Gaithersburg, MD to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Gaithersburg, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Gaithersburg, MD salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$115,614$9,635$2,697$3,469
Renters$57,229$4,769$1,335$1,717
The affordability of the housing market in Gaithersburg, MD as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Gaithersburg, MD homeowners, the median income is $115,614. This indicates that a monthly maximum of $2,697 should be spent by homeowners on all housing related costs. Renters have a median income of $57,229. This indicates that renters should have a maximum of $1,335 used for their rent related monthly costs.

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 Gaithersburg, 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

ItemGaithersburgNational 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

ItemGaithersburgNational 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

ItemGaithersburgNational 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

ItemGaithersburgNational avg.Difference
Home Price $363,800.00$175,700.00107.1%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,504.00$920.0063.5%

Transportation

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

Utilities

ItemGaithersburgNational 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.
Cottage City, MD1,07099-1%
Bladensburg, MD9,3711088%
Colmar Manor, MD1,7371088%
Edmonston, MD1,3951088%
Brentwood, MD3,1071099%
Gaithersburg, MD63,49112828%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Homestead, FL63,45998-2%
Rockville, MD63,40214444%
West Hartford, CT63,39613333%
Kissimmee, FL63,39292-8%
Shawnee, KS63,59799-1%
Gaithersburg, MD63,49112828%
Source: The Gaithersburg, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.