Glenmont 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.
IndexGlenmontMarylandNational
Cost of living index129115100
IndexGlenmontMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index200154100
Transportation index108108100
Utilities index10199100
An overview of the general cost of living index for Glenmont, MD is displayed above for your reference. Residents in Glenmont, MD enjoy a cost of living index of 129. This index is 12% higher than the Maryland average, and 29% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Glenmont, MD, the average cost of goods and services is 1% higher than it is in Maryland, and it is 8% lower than the national average.

Did you know?

  • The cost of living in Glenmont is 12% higher than the Maryland average.
  • The cost of living in Glenmont is 29% higher than the national average.
  • The cost of housing in Glenmont is 100% 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

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Glenmont, 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 Glenmont, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Glenmont, 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$102,263$8,522$2,386$3,068
Renters$62,826$5,236$1,466$1,885
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Glenmont, 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 Glenmont, MD homeowners have a median income of $102,263. Using that number, you will come up with a maximum of $2,386 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $62,826, which means there is a maximum of $1,466 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 Glenmont, 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

ItemGlenmontNational 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

ItemGlenmontNational 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

ItemGlenmontNational 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

ItemGlenmontNational avg.Difference
Home Price $373,600.00$175,700.00112.6%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,575.00$920.0071.2%

Transportation

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

Utilities

ItemGlenmontNational 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%
Capitol Heights, MD4,4521055%
Seat Pleasant, MD4,6561055%
Landover, MD23,1121055%
Coral Hills, MD10,1961077%
Glenmont, MD15,41212929%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Jamestown, ND15,40787-13%
Seaford, NY15,40515454%
Portland, TX15,42095-5%
Humble, TX15,40287-13%
Williamstown, NJ15,42511515%
Glenmont, MD15,41212929%
Source: The Glenmont, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.