Hyattsville 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.
IndexHyattsvilleMarylandNational
Cost of living index114115100
IndexHyattsvilleMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index139154100
Transportation index121108100
Utilities index9899100
An overview of the general cost of living index for Hyattsville, MD is displayed above for your reference. Residents in Hyattsville, MD enjoy a cost of living index of 114. This index is 1% lower than the Maryland average, and 14% 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 Hyattsville, MD, the average cost of goods and services is 7% higher than it is in Maryland, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Hyattsville is 1% lower than the Maryland average.
  • The cost of living in Hyattsville is 14% higher than the national average.
  • The cost of housing in Hyattsville is 39% 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 Hyattsville, MD Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Hyattsville, 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 Hyattsville, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hyattsville, 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$85,063$7,089$1,985$2,552
Renters$47,384$3,949$1,106$1,422
The affordability of the housing market in Hyattsville, 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 Hyattsville, MD homeowners, the median income is $85,063. This indicates that a monthly maximum of $1,985 should be spent by homeowners on all housing related costs. Renters have a median income of $47,384. This indicates that renters should have a maximum of $1,106 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 you are determining the total cost of living in Hyattsville, 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

ItemHyattsvilleNational 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

ItemHyattsvilleNational 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

ItemHyattsvilleNational 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

ItemHyattsvilleNational avg.Difference
Home Price $254,700.00$175,700.0045.0%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,142.00$920.0024.1%

Transportation

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

Utilities

ItemHyattsvilleNational 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.
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Capitol Heights, MD4,4521055%
Silver Hill, MD5,3351055%
Seat Pleasant, MD4,6561055%
Hyattsville, MD18,04911414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Florida Ridge, FL18,05695-5%
Bonney Lake, WA18,04012020%
Lenoir, NC18,06188-12%
Lackawanna, NY18,03781-19%
Cinco Ranch, TX18,02811212%
Hyattsville, MD18,04911414%
Source: The Hyattsville, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.