Lake Arbor 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.
IndexLake ArborMarylandNational
Cost of living index124115100
IndexLake ArborMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index173154100
Transportation index121108100
Utilities index9899100
A general summary of the cost of living index in Lake Arbor, MD is shown above. Compared to the state average of Maryland the cost of living index in Lake Arbor, MD is 124, which is 8% higher than the average in Maryland and compared to the national average it is 24% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Lake Arbor, MD goods and services come in at 7% higher than the average in Maryland and are 2% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Lake Arbor is 8% higher than the Maryland average.
  • The cost of living in Lake Arbor is 24% higher than the national average.
  • The cost of housing in Lake Arbor is 73% 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 Lake Arbor, MD Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
Housing index
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Using the salary calculator lets you compare the salary you earn in Lake Arbor, 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 Lake Arbor, MD, you have to earn a higher income in order to still have the same standard of living. To operate the Lake Arbor, 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)
One can approximate the cost of living and the housing affordability in Lake Arbor, 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 Lake Arbor, MD have a median income of $109,441. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,553 per month to avoid calamity and poverty. The renters in the city have an income of about $74,432, which would make their monthly maximum allowable rental costs $1,737.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Lake Arbor, 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

ItemLake ArborNational 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%


ItemLake ArborNational 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

ItemLake ArborNational 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%


ItemLake ArborNational avg.Difference
Home Price $285,400.00$175,700.0062.4%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,806.00$920.0096.3%


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


ItemLake ArborNational 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%
Lake Arbor, MD11,05212424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Chelsea, AL11,0511066%
Robinson, TX11,05194-6%
Robertsville, NJ11,05514949%
Westwood, NJ11,05615555%
Brooklyn, OH11,04793-7%
Lake Arbor, MD11,05212424%
Source: The Lake Arbor, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.