Kemp Mill 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.
IndexKemp MillMarylandNational
Cost of living index136120100
IndexKemp MillMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9592100
Housing index207154100
Transportation index109106100
Utilities index100103100
An overview of the general cost of living index for Kemp Mill, MD is displayed above for your reference. Residents in Kemp Mill, MD enjoy a cost of living index of 136. This index is 13% higher than the Maryland average, and 36% 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 Kemp Mill, MD, the average cost of goods and services is equal to it is in Maryland, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Kemp Mill is 13% higher than the Maryland average.
  • The cost of living in Kemp Mill is 36% higher than the national average.
  • The cost of housing in Kemp Mill is 107% 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 Kemp Mill, MD Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Kemp Mill, 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 Kemp Mill, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Kemp Mill, 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$120,022$10,002$2,800$3,601
Renters$66,058$5,505$1,541$1,982
One can approximate the cost of living and the housing affordability in Kemp Mill, MD by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Kemp Mill, MD have a median income of $120,022. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,800 per month to avoid calamity and poverty. The renters in the city have an income of about $66,058, which would make their monthly maximum allowable rental costs $1,541.

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 Kemp Mill, 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

ItemKemp MillNational avg.Difference
Haircut $19.56$15.5625.7%
Beauty Salon $55.56$36.1153.9%
Toothpaste $2.78$2.4712.6%
Shampoo $0.99$0.962.2%
Movie $13.06$10.1328.9%
Bowling $5.30$4.7411.9%

Groceries

ItemKemp MillNational avg.Difference
Ground Beef $4.32$3.988.5%
Fried Chicken $1.87$1.4132.9%
Milk $2.37$2.0614.7%
Potatoes $3.85$2.9829.2%
Pizza $9.82$9.473.7%
Beer $9.99$8.7913.6%

Health Care

ItemKemp MillNational avg.Difference
Optometrist $72.75$101.0428.0%
Doctor $93.11$107.4413.3%
Dentist $85.67$90.425.3%
Ibuprofen $10.08$9.288.6%
Lipitor $443.02$426.503.9%

Housing

ItemKemp MillNational avg.Difference
Home Price $386,200.00$175,700.00119.8%
Avg. Mortgage Payment $2,420.26$1,133.23113.6%
Apartment Rent $1,638.00$920.0078.0%

Transportation

ItemKemp MillNational avg.Difference
Gasoline $2.15$1.997.7%
Tire Balancing $51.28$45.7612.1%

Utilities

ItemKemp MillNational avg.Difference
All Electricity$172.28$163.815.2%
Phone $26.86$28.395.4%
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, MD1,0701088%
Capitol Heights, MD4,45211414%
Silver Hill, MD5,33511414%
Seat Pleasant, MD4,65611414%
Landover, MD23,11211414%
Kemp Mill, MD11,85013636%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fernandina Beach, FL11,85111212%
Wells Branch, TX11,85295-5%
Florida City, FL11,85395-5%
Portland, TN11,85390-10%
Cusseta-Chattahoochee County, GA11,84689-11%
Kemp Mill, MD11,85013636%
Source: The Kemp Mill, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.