Walker Mill 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.
IndexWalker MillMarylandNational
Cost of living index117120100
IndexWalker MillMarylandNational
Goods & Services index123109100
Groceries index113111100
Health care index10193100
Housing index119150100
Transportation index112104100
Utilities index114104100
The above illustration supplies generalized information for the Walker Mill, MD cost of living index. Compared to other cities in Maryland and cities across the country, the cost of living index in Walker Mill, MD is 117, which is 2% lower than the Maryland average and 17% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Walker Mill, MD are 12% higher than the average for Maryland and 23% higher than the rest of the country.

Did you know?

  • The cost of living in Walker Mill is 2% lower than the Maryland average.
  • The cost of living in Walker Mill is 17% higher than the national average.
  • The cost of housing in Walker Mill is 19% 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 Walker Mill, 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 Walker Mill, 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 Walker Mill, MD, you have to earn a higher income in order to still have the same standard of living. To operate the Walker Mill, 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$85,103$7,092$1,986$2,553
Renters$33,802$2,817$789$1,014
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Walker Mill, MD as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Walker Mill, MD homeowners, is $85,103. This would allow for a maximum of $1,986 per month to be spent on housing costs. For renters, the median monthly income is $33,802 which would result in a maximum of $789 to be spent on rental costs.

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
Maryland2%5.75%
One thing to keep in mind when considering the cost of living in Walker Mill, MD is the Maryland sales tax and Maryland income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Maryland sales tax rate is 6% and the maximum surtax that can be charged is 6%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Maryland income tax rates range from 2% to 5.75%.

Goods & Services

ItemWalker MillNational avg.Difference
Haircut $24.11$16.0949.9%
Beauty Salon $73.39$37.3396.6%
Toothpaste $3.52$2.4543.7%
Shampoo $1.12$1.0012.3%
Movie $13.33$10.2829.7%
Bowling $5.45$4.9310.5%

Groceries

ItemWalker MillNational avg.Difference
Ground Beef $4.08$3.807.3%
Fried Chicken $1.32$1.405.3%
Milk $2.45$2.0122.0%
Potatoes $5.07$3.0168.3%
Pizza $10.99$9.8911.2%
Beer $9.82$8.9010.4%

Health Care

ItemWalker MillNational avg.Difference
Optometrist $75.00$102.1626.6%
Doctor $99.67$108.368.0%
Dentist $95.67$92.533.4%
Ibuprofen $10.22$9.2810.2%
Lipitor $474.34$425.8211.4%

Housing

ItemWalker MillNational avg.Difference
Home Price $219,700.00$184,700.0018.9%
Avg. Mortgage Payment $3,169.67$1,202.44163.6%
Apartment Rent $1,119.00$949.0017.9%

Transportation

ItemWalker MillNational avg.Difference
Gasoline $2.46$2.249.5%
Tire Balancing $55.00$46.2918.8%

Utilities

ItemWalker MillNational avg.Difference
All Electricity$216.49$165.9630.4%
Phone $27.32$28.684.8%
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.
Rose Hill CDP (Lee County), VA70892-8%
Woodlawn CDP (Carroll County), VA2,24794-6%
Belle Haven town, VA5621022%
Cottage City, MD1,20911010%
Silver Hill, MD4,80211212%
Walker Mill, MD11,28111717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Grosse Pointe Park, MI11,27611313%
Shady Hills, FL11,28892-8%
Ridgefield, NJ11,29416262%
East Grand Rapids, MI11,29711616%
Mountain Top, PA11,29896-4%
Walker Mill, MD11,28111717%
Source: The Walker Mill, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.