University Park 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.
IndexUniversity ParkMarylandNational
Cost of living index151120100
IndexUniversity ParkMarylandNational
Goods & Services index121104100
Groceries index117113100
Health care index9892100
Housing index232154100
Transportation index104106100
Utilities index119103100

Did you know?

  • The cost of living in University Park is 26% higher than the Maryland average.
  • The cost of living in University Park is 51% higher than the national average.
  • The cost of housing in University Park is 132% 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$151,111$12,593$3,526$4,534
Renters$46,250$3,854$1,079$1,388

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

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

Goods & Services

ItemUniversity ParkNational avg.Difference
Haircut $20.00$15.5628.5%
Beauty Salon $70.00$36.1193.9%
Toothpaste $3.58$2.4744.7%
Shampoo $1.42$0.9647.5%
Movie $13.33$10.1331.7%
Bowling $5.45$4.7415.1%

Groceries

ItemUniversity ParkNational avg.Difference
Ground Beef $3.77$3.985.3%
Fried Chicken $2.26$1.4160.4%
Milk $2.39$2.0615.8%
Potatoes $3.82$2.9828.2%
Pizza $10.12$9.476.9%
Beer $9.99$8.7913.6%

Health Care

ItemUniversity ParkNational avg.Difference
Optometrist $72.00$101.0428.7%
Doctor $93.50$107.4413.0%
Dentist $92.67$90.422.5%
Ibuprofen $9.99$9.287.7%
Lipitor $463.06$426.508.6%

Housing

ItemUniversity ParkNational avg.Difference
Home Price $424,500.00$175,700.00141.6%
Avg. Mortgage Payment $2,777.28$1,133.23145.1%
Apartment Rent $1,914.00$920.00108.0%

Transportation

ItemUniversity ParkNational avg.Difference
Gasoline $2.00$1.990.6%
Tire Balancing $51.67$45.7612.9%

Utilities

ItemUniversity ParkNational avg.Difference
All Electricity$223.39$163.8136.4%
Phone $27.32$28.393.8%
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%
Belle Haven, VA3761033%
Capitol Heights, MD4,45211414%
Silver Hill, MD5,33511414%
Seat Pleasant, MD4,65611414%
University Park, MD2,59615151%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pinckney, MI2,59695-5%
Lineville, AL2,59778-22%
Sisseton, SD2,59783-17%
East Missoula, MT2,59798-2%
Homedale, ID2,59583-17%
University Park, MD2,59615151%
Source: The University Park, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.