North Bethesda 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.
IndexNorth BethesdaMarylandNational
Cost of living index154120100
IndexNorth BethesdaMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9592100
Housing index268154100
Transportation index109106100
Utilities index100103100
A general overview of the cost of living index for North Bethesda, MD is displayed above. In North Bethesda, MD, the overall cost of living index is 154, which is 29% higher than the Maryland average and 54% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of North Bethesda, MD, the city's goods and services are equal to the Maryland average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in North Bethesda is 29% higher than the Maryland average.
  • The cost of living in North Bethesda is 54% higher than the national average.
  • The cost of housing in North Bethesda is 168% 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 North Bethesda, MD Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in North Bethesda, MD to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in North Bethesda, MD, you have to earn a higher income in order to still have the same standard of living. To operate the North Bethesda, MD salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$133,676$11,140$3,119$4,011
Renters$77,394$6,450$1,806$2,322
The affordability of the housing market in North Bethesda, MD as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among North Bethesda, MD homeowners, the median income is $133,676. This indicates that a monthly maximum of $3,119 should be spent by homeowners on all housing related costs. Renters have a median income of $77,394. This indicates that renters should have a maximum of $1,806 used for their rent related monthly costs.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
The Maryland sales tax and Maryland income tax rates should definitely be considered when determining the overall cost of living in North Bethesda, MD. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Maryland sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Maryland income tax rates range from 2% to 5.75%.

Goods & Services

ItemNorth BethesdaNational 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

ItemNorth BethesdaNational 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

ItemNorth BethesdaNational 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

ItemNorth BethesdaNational avg.Difference
Home Price $524,100.00$175,700.00198.3%
Avg. Mortgage Payment $2,420.26$1,133.23113.6%
Apartment Rent $1,816.00$920.0097.4%

Transportation

ItemNorth BethesdaNational avg.Difference
Gasoline $2.15$1.997.7%
Tire Balancing $51.28$45.7612.1%

Utilities

ItemNorth BethesdaNational 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.
Cottage City, MD1,0701088%
Capitol Heights, MD4,45211414%
Silver Hill, MD5,33511414%
Seat Pleasant, MD4,65611414%
Landover, MD23,11211414%
North Bethesda, MD46,73815454%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Binghamton, NY46,77186-14%
Collierville, TN46,7801077%
Lawrence, IN46,79685-15%
Wauwatosa, WI46,8381066%
Hattiesburg, MS46,62982-18%
North Bethesda, MD46,73815454%
Source: The North Bethesda, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.