Mays Chapel 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.
IndexMays ChapelMarylandNational
Cost of living index132120100
IndexMays ChapelMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9092100
Housing index197154100
Transportation index104106100
Utilities index105103100
An overview of the general cost of living index for Mays Chapel, MD is displayed above for your reference. Residents in Mays Chapel, MD enjoy a cost of living index of 132. This index is 11% higher than the Maryland average, and 32% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Mays Chapel, MD, the average cost of goods and services is equal to it is in Maryland, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Mays Chapel is 11% higher than the Maryland average.
  • The cost of living in Mays Chapel is 32% higher than the national average.
  • The cost of housing in Mays Chapel is 97% 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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Compare Mays Chapel, MD Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Mays Chapel, MD to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mays Chapel, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mays Chapel, MD salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$110,552$9,213$2,579$3,317
Renters$84,408$7,034$1,969$2,532
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mays Chapel, 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 Mays Chapel, MD homeowners, is $110,552. This would allow for a maximum of $2,579 per month to be spent on housing costs. For renters, the median monthly income is $84,408 which would result in a maximum of $1,969 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 you are determining the total cost of living in Mays Chapel, MD you will want to make sure you consider both the Maryland sales tax and the Maryland income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Maryland is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Maryland have a range from 2% to 5.75%.

Goods & Services

ItemMays ChapelNational avg.Difference
Haircut $19.22$15.5623.5%
Beauty Salon $55.47$36.1153.6%
Toothpaste $2.46$2.470.6%
Shampoo $1.00$0.964.0%
Movie $11.17$10.1310.3%
Bowling $5.30$4.7411.9%

Groceries

ItemMays ChapelNational avg.Difference
Ground Beef $4.46$3.9811.9%
Fried Chicken $1.78$1.4126.7%
Milk $2.52$2.0622.1%
Potatoes $3.77$2.9826.4%
Pizza $9.91$9.474.6%
Beer $9.57$8.798.9%

Health Care

ItemMays ChapelNational avg.Difference
Optometrist $70.89$101.0429.8%
Doctor $85.25$107.4420.7%
Dentist $79.83$90.4211.7%
Ibuprofen $9.99$9.287.7%
Lipitor $435.17$426.502.0%

Housing

ItemMays ChapelNational avg.Difference
Home Price $359,700.00$175,700.00104.7%
Avg. Mortgage Payment $1,577.31$1,133.2339.2%
Apartment Rent $1,640.00$920.0078.3%

Transportation

ItemMays ChapelNational avg.Difference
Gasoline $2.05$1.992.9%
Tire Balancing $48.35$45.765.7%

Utilities

ItemMays ChapelNational avg.Difference
All Electricity$177.91$163.818.6%
Phone $28.67$28.391.0%
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, MD62,1861011%
Baltimore, MD622,2711011%
Middle River, MD26,6521033%
Lansdowne, MD8,7141033%
Essex, MD37,3801044%
Mays Chapel, MD11,95713232%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Washington, KY11,95691-9%
Monfort Heights, OH11,96596-4%
Lake Los Angeles, CA11,9481000%
Oak Hills, OR11,94612828%
Edgewater, NJ11,96918080%
Mays Chapel, MD11,95713232%
Source: The Mays Chapel, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.