Mount Airy 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.
IndexMount AiryMarylandNational
Cost of living index129120100
IndexMount AiryMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9592100
Housing index183154100
Transportation index109106100
Utilities index100103100
The above illustration supplies generalized information for the Mount Airy, MD cost of living index. Compared to other cities in Maryland and cities across the country, the cost of living index in Mount Airy, MD is 129, which is 7% higher than the Maryland average and 29% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Mount Airy, MD are equal to the average for Maryland and 4% higher than the rest of the country.

Did you know?

  • The cost of living in Mount Airy is 7% higher than the Maryland average.
  • The cost of living in Mount Airy is 29% higher than the national average.
  • The cost of housing in Mount Airy 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 Mount Airy

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Mount Airy

Compare Mount Airy, 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 Mount Airy, 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 Mount Airy, MD, then you would need to earn more income in order to maintain the same standard of living. To use the Mount Airy, 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$110,330$9,194$2,574$3,310
Renters$40,156$3,346$937$1,205
One can approximate the cost of living and the housing affordability in Mount Airy, 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 Mount Airy, MD have a median income of $110,330. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,574 per month to avoid calamity and poverty. The renters in the city have an income of about $40,156, which would make their monthly maximum allowable rental costs $937.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
One thing to keep in mind when considering the cost of living in Mount Airy, MD is the Maryland sales tax and Maryland income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Maryland sales tax rate is 6% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Maryland income tax rates range from 2% to 5.75%.

Goods & Services

ItemMount AiryNational avg.Difference
Haircut $19.56$15.5625.7%
Beauty Salon $55.56$36.1153.9%
Toothpaste $2.78$2.4712.6%
Shampoo $0.99$0.962.2%
Movie $13.06$10.1328.9%
Bowling $5.30$4.7411.9%

Groceries

ItemMount AiryNational avg.Difference
Ground Beef $4.32$3.988.5%
Fried Chicken $1.87$1.4132.9%
Milk $2.37$2.0614.7%
Potatoes $3.85$2.9829.2%
Pizza $9.82$9.473.7%
Beer $9.99$8.7913.6%

Health Care

ItemMount AiryNational avg.Difference
Optometrist $72.75$101.0428.0%
Doctor $93.11$107.4413.3%
Dentist $85.67$90.425.3%
Ibuprofen $10.08$9.288.6%
Lipitor $443.02$426.503.9%

Housing

ItemMount AiryNational avg.Difference
Home Price $334,600.00$175,700.0090.4%
Avg. Mortgage Payment $2,420.26$1,133.23113.6%
Apartment Rent $1,529.00$920.0066.2%

Transportation

ItemMount AiryNational avg.Difference
Gasoline $2.15$1.997.7%
Tire Balancing $51.28$45.7612.1%

Utilities

ItemMount AiryNational avg.Difference
All Electricity$172.28$163.815.2%
Phone $26.86$28.395.4%
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.
Union Bridge, MD8741044%
Westminster, MD18,65611212%
New Windsor, MD1,23711212%
Libertytown, MD1,25611313%
Summerfield, MD11,97011414%
Mount Airy, MD9,33312929%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Holmen, WI9,33599-1%
Perryton, TX9,33079-21%
Flossmoor, IL9,33911515%
Snohomish, WA9,32611616%
Silverton, OR9,34211010%
Mount Airy, MD9,33312929%
Source: The Mount Airy, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.