Largo 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.
IndexLargoMarylandNational
Cost of living index126120100
IndexLargoMarylandNational
Goods & Services index121104100
Groceries index117113100
Health care index9892100
Housing index150154100
Transportation index104106100
Utilities index119103100
Displayed above is a general overview of the Largo, MD cost of living index. The overall cost of living index in Largo, MD is 126, which is 5% higher than the Maryland average and 26% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Largo, MD are 17% higher than the Maryland average and 21% higher than the national average.

Did you know?

  • The cost of living in Largo is 5% higher than the Maryland average.
  • The cost of living in Largo is 26% higher than the national average.
  • The cost of housing in Largo is 50% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Largo, 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 Largo, MD, then you would need to earn more income in order to maintain the same standard of living. To use the Largo, 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$94,550$7,879$2,206$2,837
Renters$58,701$4,892$1,370$1,761
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Largo, MD as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Largo, MD homeowners, is $94,550. This would allow for a maximum of $2,206 per month to be spent on housing costs. For renters, the median monthly income is $58,701 which would result in a maximum of $1,370 to be spent on rental costs.

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 Largo, 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

ItemLargoNational avg.Difference
Haircut $20.00$15.5628.5%
Beauty Salon $70.00$36.1193.9%
Toothpaste $3.58$2.4744.7%
Shampoo $1.42$0.9647.5%
Movie $13.33$10.1331.7%
Bowling $5.45$4.7415.1%

Groceries

ItemLargoNational avg.Difference
Ground Beef $3.77$3.985.3%
Fried Chicken $2.26$1.4160.4%
Milk $2.39$2.0615.8%
Potatoes $3.82$2.9828.2%
Pizza $10.12$9.476.9%
Beer $9.99$8.7913.6%

Health Care

ItemLargoNational avg.Difference
Optometrist $72.00$101.0428.7%
Doctor $93.50$107.4413.0%
Dentist $92.67$90.422.5%
Ibuprofen $9.99$9.287.7%
Lipitor $463.06$426.508.6%

Housing

ItemLargoNational avg.Difference
Home Price $247,500.00$175,700.0040.9%
Avg. Mortgage Payment $2,777.28$1,133.23145.1%
Apartment Rent $1,561.00$920.0069.7%

Transportation

ItemLargoNational avg.Difference
Gasoline $2.00$1.990.6%
Tire Balancing $51.67$45.7612.9%

Utilities

ItemLargoNational avg.Difference
All Electricity$223.39$163.8136.4%
Phone $27.32$28.393.8%
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%
Belle Haven, VA3761033%
Capitol Heights, MD4,45211414%
Silver Hill, MD5,33511414%
Seat Pleasant, MD4,65611414%
Largo, MD10,30112626%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cadillac, MI10,30681-19%
Parsons, KS10,30778-22%
Greencastle, IN10,30787-13%
West Haverstraw, NY10,30812424%
Oak Hills, CA10,30812424%
Largo, MD10,30112626%
Source: The Largo, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.