Linganore 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.
IndexLinganoreMarylandNational
Cost of living index124115100
IndexLinganoreMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index183154100
Transportation index108108100
Utilities index10199100
A general summary of the cost of living index in Linganore, MD is shown above. Compared to the state average of Maryland the cost of living index in Linganore, 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 Linganore, MD goods and services come in at 1% higher than the average in Maryland and are 8% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Linganore is 8% higher than the Maryland average.
  • The cost of living in Linganore is 24% higher than the national average.
  • The cost of housing in Linganore is 83% 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.

Find Real Estate Listings In Linganore

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Linganore

Compare Linganore, 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
Use the salary calculator to compare your current salary in Linganore, 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 Linganore, MD, then you would need to earn more income in order to maintain the same standard of living. To use the Linganore, 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$119,902$9,992$2,798$3,597
Renters$60,292$5,024$1,407$1,809
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Linganore, 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 Linganore, MD homeowners, is $119,902. This would allow for a maximum of $2,798 per month to be spent on housing costs. For renters, the median monthly income is $60,292 which would result in a maximum of $1,407 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%
For those who live in Linganore, MD and want to know what the true cost of living is, they ought to look at both the Maryland income tax rate and the Maryland sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Maryland, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Maryland, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemLinganoreNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $47.00$34.6835.5%
Toothpaste $2.18$2.4711.9%
Shampoo $0.99$1.023.1%
Movie $11.94$9.8721.0%
Bowling $5.30$4.3920.7%

Groceries

ItemLinganoreNational avg.Difference
Ground Beef $2.99$4.4833.2%
Fried Chicken $1.59$1.468.6%
Milk $2.65$2.3612.4%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $8.59$8.630.5%

Health Care

ItemLinganoreNational avg.Difference
Optometrist $71.67$99.7828.2%
Doctor $64.00$105.0339.1%
Dentist $81.75$88.707.8%
Ibuprofen $10.83$9.4115.1%
Lipitor $293.64$298.501.6%

Housing

ItemLinganoreNational avg.Difference
Home Price $343,400.00$175,700.0095.4%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,428.00$920.0055.2%

Transportation

ItemLinganoreNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.00$45.296.0%

Utilities

ItemLinganoreNational avg.Difference
All Electricity$178.68$170.804.6%
Phone $26.86$28.264.9%
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.
Middleburg, MD191033%
Union Bridge, MD87499-1%
Thurmont, MD6,3331099%
New Windsor, MD1,2371077%
Libertytown, MD1,2561088%
Linganore, MD9,15412424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Louisville, OH9,15192-8%
Marina del Rey, CA9,15716060%
Covington, LA9,1511011%
Shelby, OH9,14980-20%
Milton, FL9,14990-10%
Linganore, MD9,15412424%
Source: The Linganore, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.