Cost Of Living In Manchester, MD

Manchester 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.
Index	Manchester	Maryland	National
Cost of living index	114	120	100
Index	Manchester	Maryland	National
Goods & Services index	100	104	100
Groceries index	97	113	100
Health care index	90	92	100
Housing index	146	154	100
Transportation index	100	106	100
Utilities index	113	103	100

A general summary of the cost of living index in Manchester, MD is shown above. Compared to the state average of Maryland the cost of living index in Manchester, MD is 114, which is 5% lower than the average in Maryland and compared to the national average it is 14% 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 Manchester, MD goods and services come in at 4% lower than the average in Maryland and are equal to compared to the nationwide average.

Did you know?

The cost of living in Manchester is 5% lower than the Maryland average.
The cost of living in Manchester is 14% higher than the national average.
The cost of housing in Manchester is 46% 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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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 used in order to provide a comparison of your current salary in Manchester, MD to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Manchester, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Manchester, MD salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$98,219	$8,185	$2,292	$2,947
Renters	$49,087	$4,091	$1,145	$1,473

One can approximate the cost of living and the housing affordability in Manchester, 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 Manchester, MD have a median income of $98,219. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,292 per month to avoid calamity and poverty. The renters in the city have an income of about $49,087, which would make their monthly maximum allowable rental costs $1,145.

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%

When considering the overall cost of living expenses in Manchester, 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

Item	Manchester	National avg.	Difference
Haircut	$13.00	$15.56	16.5%
Beauty Salon	$30.83	$36.11	14.6%
Toothpaste	$2.25	$2.47	9.0%
Shampoo	$0.98	$0.96	1.9%
Movie	$9.11	$10.13	10.0%
Bowling	$4.30	$4.74	9.1%

Groceries

Item	Manchester	National avg.	Difference
Ground Beef	$4.32	$3.98	8.5%
Fried Chicken	$1.46	$1.41	3.8%
Milk	$1.89	$2.06	8.3%
Potatoes	$3.49	$2.98	16.9%
Pizza	$6.99	$9.47	26.2%
Beer	$10.94	$8.79	24.4%

Health Care

Item	Manchester	National avg.	Difference
Optometrist	$88.69	$101.04	12.2%
Doctor	$92.98	$107.44	13.5%
Dentist	$77.23	$90.42	14.6%
Ibuprofen	$8.75	$9.28	5.7%
Lipitor	$437.76	$426.50	2.6%

Housing

Item	Manchester	National avg.	Difference
Home Price	$290,000.00	$175,700.00	65.1%
Avg. Mortgage Payment	$1,023.97	$1,133.23	9.6%
Apartment Rent	$923.00	$920.00	0.3%

Transportation

Item	Manchester	National avg.	Difference
Gasoline	$2.13	$1.99	7.0%
Tire Balancing	$38.58	$45.76	15.7%

Utilities

Item	Manchester	National avg.	Difference
All Electricity	$170.91	$163.81	4.3%
Phone	$35.44	$28.39	24.9%

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, State	Population	Cost of Living Index	National Avg.
Jefferson, PA	255	86	-14%
Midway, PA	1,912	96	-4%
Seven Valleys, PA	537	96	-4%
Parkville, PA	6,949	96	-4%
Hanover, PA	15,365	96	-4%
Manchester, MD	4,810	114	14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Piedmont, AL	4,811	79	-21%
South Barrington, IL	4,811	213	113%
Orange, VA	4,808	103	3%
Waipio Acres, HI	4,807	156	56%
San Diego, TX	4,813	80	-20%
Manchester, MD	4,810	114	14%

Source: The Manchester, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Manchester, MD Cost of Living