West Laurel 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.
IndexWest LaurelMarylandNational
Cost of living index122115100
IndexWest LaurelMarylandNational
Goods & Services index9291100
Groceries index113112100
Health care index8688100
Housing index174154100
Transportation index108108100
Utilities index10199100
A general overview of the cost of living index for West Laurel, MD is displayed above. In West Laurel, MD, the overall cost of living index is 122, which is 6% higher than the Maryland average and 22% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of West Laurel, MD, the city's goods and services are 1% higher than the Maryland average and 8% lower than the U.S. average.

Did you know?

  • The cost of living in West Laurel is 6% higher than the Maryland average.
  • The cost of living in West Laurel is 22% higher than the national average.
  • The cost of housing in West Laurel is 74% 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 West Laurel, MD Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in West Laurel, MD would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than West Laurel, MD, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The West Laurel, MD salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$115,577$9,631$2,697$3,468
Renters$51,250$4,271$1,196$1,538
If you want to find a good determining factor for the cost of living and the general affordability of housing in West Laurel, 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 West Laurel, MD, the median monthly income is $115,577 for those who own their own homes. Under the standard rule, that income level would allow for $2,697 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,250, per the median income in the area. That would allow for renters to spend up to $1,196 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%
When you are determining the total cost of living in West Laurel, 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

ItemWest LaurelNational 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%

Groceries

ItemWest LaurelNational 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

ItemWest LaurelNational 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%

Housing

ItemWest LaurelNational avg.Difference
Home Price $339,700.00$175,700.0093.3%
Avg. Mortgage Payment $2,313.93$1,081.03114.0%
Apartment Rent $1,188.00$920.0029.1%

Transportation

ItemWest LaurelNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.00$45.296.0%

Utilities

ItemWest LaurelNational 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.
Cottage City, MD1,07099-1%
Lansdowne, MD8,71498-2%
Landover, MD23,1121055%
Brooklyn Park, MD14,1361044%
Bladensburg, MD9,3711088%
West Laurel, MD4,38512222%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Anna, IL4,38582-18%
French Island, WI4,38499-1%
Eastwood, LA4,38791-9%
Forestdale, MA4,38113434%
Benton, KY4,38086-14%
West Laurel, MD4,38512222%
Source: The West Laurel, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.