La Plata 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.
IndexLa PlataMarylandNational
Cost of living index123115100
IndexLa PlataMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index167154100
Transportation index121108100
Utilities index9899100
Here we can see a simple outline of the cost of living in La Plata, MD. As you can see, with the average cost of living in La Plata, MD being 123, that puts it 6% higher than the average of Maryland and 23% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of La Plata, MD, the price of goods and services are 7% higher than the average of Maryland as well as 2% lower than the nation's average.

Did you know?

  • The cost of living in La Plata is 6% higher than the Maryland average.
  • The cost of living in La Plata is 23% higher than the national average.
  • The cost of housing in La Plata is 67% 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 La Plata, MD Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Groceries index
Health care index
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Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in La Plata, MD to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in La Plata, MD, you have to earn a higher income in order to still have the same standard of living. To operate the La Plata, MD salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$118,313$9,859$2,760$3,550
Renters$41,691$3,474$973$1,251
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 La Plata, 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. La Plata, MD has a median income of about $118,313 for people who own homes. Based on that number, a person should spend a maximum of $2,760 on expenses related to housing. Renters have a slightly different median income, which is $41,691. Based on this average, renters should spend no more than $973 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%
When considering the overall cost of living expenses in La Plata, MD, it's important to take into account the sales tax for Maryland, as well as the rate for income tax in Maryland. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Maryland is 6%, and the sales tax in the state of Maryland is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Maryland starts from 2% and goes up to 5.75%.

Goods & Services

ItemLa PlataNational 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

ItemLa PlataNational 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

ItemLa PlataNational 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

ItemLa PlataNational avg.Difference
Home Price $324,700.00$175,700.0084.8%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,143.00$920.0024.2%

Transportation

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

Utilities

ItemLa PlataNational 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.
Port Tobacco Village, MD51044%
Woodlawn, VA2,08286-14%
Potomac Heights, MD1,12594-6%
Cedarville, MD61095-5%
Indian Head, MD3,88511010%
La Plata, MD8,90312323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
College Place, WA8,90591-9%
Versailles, KY8,90889-11%
Glenshaw, PA8,90897-3%
Socorro, NM8,89884-16%
Middletown, PA8,90993-7%
La Plata, MD8,90312323%
Source: The La Plata, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.