South Kensington 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.
IndexSouth KensingtonMarylandNational
Cost of living index172120100
IndexSouth KensingtonMarylandNational
Goods & Services index104104100
Groceries index113113100
Health care index9592100
Housing index327154100
Transportation index109106100
Utilities index100103100
Displayed above is a general overview of the South Kensington, MD cost of living index. The overall cost of living index in South Kensington, MD is 172, which is 43% higher than the Maryland average and 72% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in South Kensington, MD are equal to the Maryland average and 4% higher than the national average.

Did you know?

  • The cost of living in South Kensington is 43% higher than the Maryland average.
  • The cost of living in South Kensington is 72% higher than the national average.
  • The cost of housing in South Kensington is 227% 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 South Kensington, 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 South Kensington, 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 South Kensington, MD, you have to earn a higher income in order to still have the same standard of living. To operate the South Kensington, 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$150,948$12,579$3,522$4,529
Renters$57,333$4,778$1,338$1,720
If you want to find a good determining factor for the cost of living and the general affordability of housing in South Kensington, MD, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In South Kensington, MD, the median monthly income is $150,948 for those who own their own homes. Under the standard rule, that income level would allow for $3,522 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $57,333, per the median income in the area. That would allow for renters to spend up to $1,338 on monthly rental expenses.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
For those who live in South Kensington, MD and want to know what the true cost of living is, they ought to look at both the Maryland income tax rate and the Maryland sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Maryland, the sales tax is 6%, while the most you'll pay in surtax is 6%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Maryland, the income tax rate ranges between 2% to 5.75%.

Goods & Services

ItemSouth KensingtonNational 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

ItemSouth KensingtonNational 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

ItemSouth KensingtonNational 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

ItemSouth KensingtonNational avg.Difference
Home Price $657,200.00$175,700.00274.0%
Avg. Mortgage Payment $2,420.26$1,133.23113.6%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemSouth KensingtonNational avg.Difference
Gasoline $2.15$1.997.7%
Tire Balancing $51.28$45.7612.1%

Utilities

ItemSouth KensingtonNational 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%
South Kensington, MD8,38717272%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pebble Creek, FL8,3881066%
Incline Village, NV8,38917070%
Orrville, OH8,38989-11%
Newcastle, OK8,38390-10%
West Long Branch, NJ8,39115353%
South Kensington, MD8,38717272%
Source: The South Kensington, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.