Cost Of Living in Leisure World, MD

D

17%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

42%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Leisure World	Maryland	National
Cost of living	117	119	100
Goods & Services	109	106	100
Groceries	108	106	100
Health care	97	97	100
Housing	142	150	100
Transportation	95	98	100
Utilities	110	111	100

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Cost Of Living Quick Facts

The cost of living in Leisure World is 1% lower than the Maryland average
The cost of living in Leisure World is 17% higher than the national average
Leisure World housing is 42% higher than the national average
Maryland general sales tax is 18% higher than the national average
Maryland state income tax is 11% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$61,446	$5,121	$1,434	$1,844
Renters	$27,489	$2,291	$641	$825

A good indicator of the general affordability of housing in Leisure World, MD, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Leisure World, the median monthly income is $61,446 for those who own their own homes. Under the standard rule, that income level would allow for $1,434 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,489, per the median income in the area. That would allow for renters to spend up to $641 on monthly rental expenses.

Maryland Sales Tax

State	General Sales Tax	With Max Surtax
Maryland	6%	6%

Maryland Income Tax

State	Income Tax (Low)	Income Tax (High)
Maryland	2%	5.75%

Goods & Services

Item	Leisure World	National avg.	Difference
Haircut	$26.11	$24.26	7.6%
Beauty Salon	$70.08	$45.56	53.8%
Toothpaste	$3.81	$3.70	2.8%
Shampoo	$1.51	$1.28	17.9%
Movie	$15.69	$12.13	29.3%
Bowling	$24.83	$18.00	38.0%

Groceries

Item	Leisure World	National avg.	Difference
Ground Beef	$6.24	$5.84	6.9%
Fried Chicken	$1.40	$1.57	11.0%
Milk	$4.78	$4.67	2.2%
Potatoes	$5.49	$4.93	11.3%
Pizza	$12.56	$12.09	3.9%
Beer	$11.10	$10.41	6.6%

Health Care

Item	Leisure World	National avg.	Difference
Optometrist	$92.00	$125.68	26.8%
Doctor	$135.03	$135.78	0.5%
Dentist	$117.67	$113.29	3.9%
Ibuprofen	$11.52	$10.65	8.1%
Lipitor	$403.79	$468.60	13.8%

Housing

Item	Leisure World	National avg.	Difference
Home Price	$233,700.00	$184,700.00	26.5%
Avg. Mortgage Payment	$4,819.29	$2,346.69	105.4%
Apartment Rent	$1,696.00	$949.00	78.7%

Transportation

Item	Leisure World	National avg.	Difference
Gasoline	$3.25	$3.46	6.0%
Tire Balancing	$59.00	$59.92	1.5%

Utilities

Item	Leisure World	National avg.	Difference
All Electricity	$222.47	$193.99	14.7%
Phone	$197.37	$192.25	2.7%

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	Population	Cost of Living Index	National Avg.
Cottage City, MD	1,150	108	8.4%
Seat Pleasant, MD	4,753	114	14.3%
Landover, MD	22,991	118	18.3%
Peppermill Village, MD	4,861	119	18.8%
Greenbelt, MD	23,253	119	19.5%
Leisure World, MD	9,314	117	17.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Eagle Point, OR	9,316	114	13.7%
College Place, WA	9,311	101	1.2%
Hartland, WI	9,317	114	14.0%
North College Hill, OH	9,310	90	10.4%
Flossmoor, IL	9,318	120	19.9%
Leisure World, MD	9,314	117	17.0%