Lansdowne 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.
IndexLansdowneMarylandNational
Cost of living index98115100
IndexLansdowneMarylandNational
Goods & Services index9191100
Groceries index111112100
Health care index9088100
Housing index100154100
Transportation index109108100
Utilities index9799100
Here we can see a simple outline of the cost of living in Lansdowne, MD. As you can see, with the average cost of living in Lansdowne, MD being 98, that puts it 15% lower than the average of Maryland and 2% lower 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 Lansdowne, MD, the price of goods and services are 1% lower than the average of Maryland as well as 9% lower than the nation's average.

Did you know?

  • The cost of living in Lansdowne is 15% lower than the Maryland average.
  • The cost of living in Lansdowne is 2% lower than the national average.
  • The cost of housing in Lansdowne is equal to 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.

Find Real Estate Listings In Lansdowne

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Lansdowne

Compare Lansdowne, MD Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Lansdowne, MD to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Lansdowne, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Lansdowne, MD salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,289$5,774$1,617$2,079
Renters$25,130$2,094$586$754
One can approximate the cost of living and the housing affordability in Lansdowne, 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 Lansdowne, MD have a median income of $69,289. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,617 per month to avoid calamity and poverty. The renters in the city have an income of about $25,130, which would make their monthly maximum allowable rental costs $586.

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 Lansdowne, 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

ItemLansdowneNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $43.00$34.6824.0%
Toothpaste $2.13$2.4713.9%
Shampoo $0.99$1.023.1%
Movie $10.81$9.879.5%
Bowling $5.30$4.3920.7%

Groceries

ItemLansdowneNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.57$1.467.2%
Milk $2.59$2.369.9%
Potatoes $3.89$3.0627.1%
Pizza $8.00$9.2413.4%
Beer $8.49$8.631.7%

Health Care

ItemLansdowneNational avg.Difference
Optometrist $67.49$99.7832.4%
Doctor $80.00$105.0323.8%
Dentist $81.75$88.707.8%
Ibuprofen $10.58$9.4112.4%
Lipitor $293.64$298.501.6%

Housing

ItemLansdowneNational avg.Difference
Home Price $163,700.00$175,700.006.8%
Avg. Mortgage Payment $1,575.45$1,081.0345.7%
Apartment Rent $1,067.00$920.0016.0%

Transportation

ItemLansdowneNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.80$45.297.8%

Utilities

ItemLansdowneNational avg.Difference
All Electricity$159.30$170.806.7%
Phone $28.67$28.261.5%
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, MD62,18696-4%
Baltimore, MD622,27196-4%
Middle River, MD26,65298-2%
Essex, MD37,38099-1%
Baltimore Highlands, MD7,0781000%
Lansdowne, MD8,71498-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Park Hills, MO8,71484-16%
Moncks Corner, SC8,71199-1%
Memphis, FL8,72295-5%
Paris, IL8,70285-15%
Atoka, TN8,72795-5%
Lansdowne, MD8,71498-2%
Source: The Lansdowne, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.