Reisterstown 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.
IndexReisterstownMarylandNational
Cost of living index113120100
IndexReisterstownMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9092100
Housing index132154100
Transportation index104106100
Utilities index105103100
A general summary of the cost of living index in Reisterstown, MD is shown above. Compared to the state average of Maryland the cost of living index in Reisterstown, MD is 113, which is 6% lower than the average in Maryland and compared to the national average it is 13% 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 Reisterstown, MD goods and services come in at equal to the average in Maryland and are 4% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Reisterstown is 6% lower than the Maryland average.
  • The cost of living in Reisterstown is 13% higher than the national average.
  • The cost of housing in Reisterstown is 32% 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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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Reisterstown, 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 Reisterstown, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Reisterstown, 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)
Owners$82,265$6,855$1,919$2,468
Renters$36,610$3,051$854$1,098
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Reisterstown, 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 Reisterstown, MD homeowners have a median income of $82,265. Using that number, you will come up with a maximum of $1,919 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,610, which means there is a maximum of $854 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 you are determining the total cost of living in Reisterstown, MD you will want to make sure you consider both the Maryland sales tax and the Maryland income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Maryland is 6%, with the highest surtax being 6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Maryland have a range from 2% to 5.75%.

Goods & Services

ItemReisterstownNational avg.Difference
Haircut $19.22$15.5623.5%
Beauty Salon $55.47$36.1153.6%
Toothpaste $2.46$2.470.6%
Shampoo $1.00$0.964.0%
Movie $11.17$10.1310.3%
Bowling $5.30$4.7411.9%

Groceries

ItemReisterstownNational avg.Difference
Ground Beef $4.46$3.9811.9%
Fried Chicken $1.78$1.4126.7%
Milk $2.52$2.0622.1%
Potatoes $3.77$2.9826.4%
Pizza $9.91$9.474.6%
Beer $9.57$8.798.9%

Health Care

ItemReisterstownNational avg.Difference
Optometrist $70.89$101.0429.8%
Doctor $85.25$107.4420.7%
Dentist $79.83$90.4211.7%
Ibuprofen $9.99$9.287.7%
Lipitor $435.17$426.502.0%

Housing

ItemReisterstownNational avg.Difference
Home Price $240,100.00$175,700.0036.7%
Avg. Mortgage Payment $1,577.31$1,133.2339.2%
Apartment Rent $1,129.00$920.0022.7%

Transportation

ItemReisterstownNational avg.Difference
Gasoline $2.05$1.992.9%
Tire Balancing $48.35$45.765.7%

Utilities

ItemReisterstownNational avg.Difference
All Electricity$177.91$163.818.6%
Phone $28.67$28.391.0%
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.
Baltimore, MD622,2711011%
Baltimore Highlands, MD7,0781055%
Parkville, MD31,6061077%
Lochearn, MD25,8881088%
Woodlawn, MD39,51811010%
Reisterstown, MD27,49311313%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fridley, MN27,4941022%
Central, LA27,50598-2%
Melrose, MA27,50915151%
Alton, IL27,51785-15%
Eagle Pass, TX27,46381-19%
Reisterstown, MD27,49311313%
Source: The Reisterstown, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.