Naval Academy 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.
IndexNaval AcademyMarylandNational
Cost of living index134115100
IndexNaval AcademyMarylandNational
Goods & Services index9191100
Groceries index111112100
Health care index9088100
Housing index218154100
Transportation index109108100
Utilities index9799100
A general summary of the cost of living index in Naval Academy, MD is shown above. Compared to the state average of Maryland the cost of living index in Naval Academy, MD is 134, which is 16% higher than the average in Maryland and compared to the national average it is 34% 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 Naval Academy, MD goods and services come in at 1% lower than the average in Maryland and are 9% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Naval Academy is 16% higher than the Maryland average.
  • The cost of living in Naval Academy is 34% higher than the national average.
  • The cost of housing in Naval Academy is 118% 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 Naval Academy, MD Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Naval Academy, 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 Naval Academy, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Naval Academy, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Naval Academy, 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 Naval Academy, MD homeowners, is $0. This would allow for a maximum of $0 per month to be spent on housing costs. For renters, the median monthly income is $108,750 which would result in a maximum of $2,537 to be spent on rental costs.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Naval Academy, 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

ItemNaval AcademyNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $43.00$34.6824.0%
Toothpaste $2.13$2.4713.9%
Shampoo $0.99$1.023.1%
Movie $10.81$9.879.5%
Bowling $5.30$4.3920.7%


ItemNaval AcademyNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.57$1.467.2%
Milk $2.59$2.369.9%
Potatoes $3.89$3.0627.1%
Pizza $8.00$9.2413.4%
Beer $8.49$8.631.7%

Health Care

ItemNaval AcademyNational avg.Difference
Optometrist $67.49$99.7832.4%
Doctor $80.00$105.0323.8%
Dentist $81.75$88.707.8%
Ibuprofen $10.58$9.4112.4%
Lipitor $293.64$298.501.6%


ItemNaval AcademyNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $1,575.45$1,081.0345.7%
Apartment Rent $2,001.00$920.00117.5%


ItemNaval AcademyNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.80$45.297.8%


ItemNaval AcademyNational avg.Difference
All Electricity$159.30$170.806.7%
Phone $28.67$28.261.5%
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.
Edesville, MD14595-5%
Rock Hall, MD1,3771011%
Upper Marlboro, MD6461066%
Glen Burnie, MD67,5591099%
Ferndale, MD18,5771099%
Naval Academy, MD5,51713434%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake Mathews, CA5,51812828%
Brady, TX5,51581-19%
Alma, AR5,51488-12%
Lake Mohegan, NY5,51413838%
Algona, IA5,51382-18%
Naval Academy, MD5,51713434%
Source: The Naval Academy, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.