Spring Ridge 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.
IndexSpring RidgeMarylandNational
Cost of living index123115100
IndexSpring RidgeMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index181154100
Transportation index108108100
Utilities index10199100
A general summary of the cost of living index in Spring Ridge, MD is shown above. Compared to the state average of Maryland the cost of living index in Spring Ridge, MD is 123, which is 7% higher than the average in Maryland and compared to the national average it is 23% 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 Spring Ridge, MD goods and services come in at 1% higher than the average in Maryland and are 8% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Spring Ridge is 7% higher than the Maryland average.
  • The cost of living in Spring Ridge is 23% higher than the national average.
  • The cost of housing in Spring Ridge is 81% 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Spring Ridge, 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 Spring Ridge, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Spring Ridge, 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)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Spring Ridge, 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 Spring Ridge, MD homeowners have a median income of $109,891. Using that number, you will come up with a maximum of $2,564 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $32,625, which means there is a maximum of $761 to be spent on the costs of renting a home or apartment.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Spring Ridge, 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

ItemSpring RidgeNational 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%


ItemSpring RidgeNational 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

ItemSpring RidgeNational 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%


ItemSpring RidgeNational avg.Difference
Home Price $337,300.00$175,700.0092.0%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,415.00$920.0053.8%


ItemSpring RidgeNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.00$45.296.0%


ItemSpring RidgeNational 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%
Mount Lena, MD5321011%
Union Bridge, MD87499-1%
Thurmont, MD6,3331099%
New Windsor, MD1,2371077%
Spring Ridge, MD5,89512323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Helena, CA5,89519898%
Barberton, WA5,89512525%
Kermit, TX5,89480-20%
Norwood, PA5,8971099%
Middleton, ID5,89888-12%
Spring Ridge, MD5,89512323%
Source: The Spring Ridge, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.