New Carrollton 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.
IndexNew CarrolltonMarylandNational
Cost of living index113115100
IndexNew CarrolltonMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index133154100
Transportation index121108100
Utilities index9899100
An overview of the general cost of living index for New Carrollton, MD is displayed above for your reference. Residents in New Carrollton, MD enjoy a cost of living index of 113. This index is 2% lower than the Maryland average, and 13% 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 New Carrollton, MD, the average cost of goods and services is 7% higher than it is in Maryland, and it is 2% lower than the national average.

Did you know?

  • The cost of living in New Carrollton is 2% lower than the Maryland average.
  • The cost of living in New Carrollton is 13% higher than the national average.
  • The cost of housing in New Carrollton is 33% 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 New Carrollton, MD Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in New Carrollton, 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 New Carrollton, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the New Carrollton, 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$69,219$5,768$1,615$2,077
Renters$51,671$4,306$1,206$1,550
How much of your monthly income goes to housing can tell you whether or not you can afford housing in New Carrollton, MD, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In New Carrollton, MD homeowners have a median income of $69,219. Using that number, you will come up with a maximum of $1,615 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $51,671, which means there is a maximum of $1,206 to be spent on the costs of renting a home or apartment.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
When considering the overall cost of living expenses in New Carrollton, 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

ItemNew CarrolltonNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $53.25$34.6853.5%
Toothpaste $2.24$2.479.4%
Shampoo $1.02$1.020.2%
Movie $12.71$9.8728.8%
Bowling $5.38$4.3922.5%

Groceries

ItemNew CarrolltonNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.66$1.4613.4%
Milk $2.68$2.3613.7%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $9.29$8.637.6%

Health Care

ItemNew CarrolltonNational avg.Difference
Optometrist $73.50$99.7826.3%
Doctor $87.20$105.0317.0%
Dentist $86.40$88.702.6%
Ibuprofen $11.38$9.4120.9%
Lipitor $293.64$298.501.6%

Housing

ItemNew CarrolltonNational avg.Difference
Home Price $227,100.00$175,700.0029.3%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,313.00$920.0042.7%

Transportation

ItemNew CarrolltonNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemNew CarrolltonNational avg.Difference
All Electricity$167.80$170.801.8%
Phone $27.32$28.263.3%
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.
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Capitol Heights, MD4,4521055%
Silver Hill, MD5,3351055%
Seat Pleasant, MD4,6561055%
New Carrollton, MD12,41211313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mounds View, MN12,4121022%
Jacksonville, AL12,41687-13%
Channahon, IL12,4221066%
Wilmington, OH12,42490-10%
Loveland, OH12,42595-5%
New Carrollton, MD12,41211313%
Source: The New Carrollton, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.