Ilchester 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.
IndexIlchesterMarylandNational
Cost of living index133120100
IndexIlchesterMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9092100
Housing index198154100
Transportation index104106100
Utilities index105103100
A general overview of the cost of living index for Ilchester, MD is displayed above. In Ilchester, MD, the overall cost of living index is 133, which is 11% higher than the Maryland average and 33% 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 Ilchester, MD, the city's goods and services are equal to the Maryland average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in Ilchester is 11% higher than the Maryland average.
  • The cost of living in Ilchester is 33% higher than the national average.
  • The cost of housing in Ilchester is 98% 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 Ilchester, MD Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Ilchester, MD to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Ilchester, MD, then you would need to earn more income in order to maintain the same standard of living. To use the Ilchester, MD salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$123,671$10,306$2,885$3,711
Renters$69,630$5,803$1,625$2,089
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Ilchester, MD, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Ilchester, MD has a median income of about $123,671 for people who own homes. Based on that number, a person should spend a maximum of $2,885 on expenses related to housing. Renters have a slightly different median income, which is $69,630. Based on this average, renters should spend no more than $1,625 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
The Maryland sales tax and Maryland income tax rates should definitely be considered when determining the overall cost of living in Ilchester, MD. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Maryland sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Maryland income tax rates range from 2% to 5.75%.

Goods & Services

ItemIlchesterNational avg.Difference
Haircut $19.22$15.5623.5%
Beauty Salon $55.47$36.1153.6%
Toothpaste $2.46$2.470.6%
Shampoo $1.00$0.964.0%
Movie $11.17$10.1310.3%
Bowling $5.30$4.7411.9%

Groceries

ItemIlchesterNational avg.Difference
Ground Beef $4.46$3.9811.9%
Fried Chicken $1.78$1.4126.7%
Milk $2.52$2.0622.1%
Potatoes $3.77$2.9826.4%
Pizza $9.91$9.474.6%
Beer $9.57$8.798.9%

Health Care

ItemIlchesterNational avg.Difference
Optometrist $70.89$101.0429.8%
Doctor $85.25$107.4420.7%
Dentist $79.83$90.4211.7%
Ibuprofen $9.99$9.287.7%
Lipitor $435.17$426.502.0%

Housing

ItemIlchesterNational avg.Difference
Home Price $373,100.00$175,700.00112.4%
Avg. Mortgage Payment $1,577.31$1,133.2339.2%
Apartment Rent $1,500.00$920.0063.0%

Transportation

ItemIlchesterNational avg.Difference
Gasoline $2.05$1.992.9%
Tire Balancing $48.35$45.765.7%

Utilities

ItemIlchesterNational avg.Difference
All Electricity$177.91$163.818.6%
Phone $28.67$28.391.0%
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.
Dundalk, MD62,1861011%
Baltimore, MD622,2711011%
Lansdowne, MD8,7141033%
Baltimore Highlands, MD7,0781055%
Parkville, MD31,6061077%
Ilchester, MD24,95913333%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Elmwood Park, IL24,96011111%
Ponca City, OK24,95184-16%
Bailey's Crossroads, VA24,94712828%
Alvin, TX24,93888-12%
Baldwin, NY24,89715555%
Ilchester, MD24,95913333%
Source: The Ilchester, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.