New Market 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 MarketMarylandNational
Cost of living index125115100
IndexNew MarketMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index186154100
Transportation index108108100
Utilities index10199100

Did you know?

  • The cost of living in New Market is 9% higher than the Maryland average.
  • The cost of living in New Market is 25% higher than the national average.
  • The cost of housing in New Market is 86% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$113,500$9,458$2,648$3,405
Renters$44,583$3,715$1,040$1,338

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%

Goods & Services

ItemNew MarketNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $47.00$34.6835.5%
Toothpaste $2.18$2.4711.9%
Shampoo $0.99$1.023.1%
Movie $11.94$9.8721.0%
Bowling $5.30$4.3920.7%

Groceries

ItemNew MarketNational avg.Difference
Ground Beef $2.99$4.4833.2%
Fried Chicken $1.59$1.468.6%
Milk $2.65$2.3612.4%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $8.59$8.630.5%

Health Care

ItemNew MarketNational avg.Difference
Optometrist $71.67$99.7828.2%
Doctor $64.00$105.0339.1%
Dentist $81.75$88.707.8%
Ibuprofen $10.83$9.4115.1%
Lipitor $293.64$298.501.6%

Housing

ItemNew MarketNational avg.Difference
Home Price $348,700.00$175,700.0098.5%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,438.00$920.0056.3%

Transportation

ItemNew MarketNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.00$45.296.0%

Utilities

ItemNew MarketNational avg.Difference
All Electricity$178.68$170.804.6%
Phone $26.86$28.264.9%
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, StatePopulationCost of Living IndexNational Avg.
Middleburg, MD191033%
Union Bridge, MD87499-1%
Westminster, MD18,6561077%
New Windsor, MD1,2371077%
Libertytown, MD1,2561088%
New Market, MD69912525%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rauchtown, PA69993-7%
Pecan Hill, TX6991022%
Wayne Lakes, OH69977-23%
Garland, NC69986-14%
Henefer, UT6991000%
New Market, MD69912525%
Source: The New Market, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.