Westphalia 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.
IndexWestphaliaMarylandNational
Cost of living index123115100
IndexWestphaliaMarylandNational
Goods & Services index9891100
Groceries index112112100
Health care index9488100
Housing index168154100
Transportation index121108100
Utilities index9899100
A general summary of the cost of living index in Westphalia, MD is shown above. Compared to the state average of Maryland the cost of living index in Westphalia, 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 Westphalia, MD goods and services come in at 7% higher than the average in Maryland and are 2% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Westphalia is 7% higher than the Maryland average.
  • The cost of living in Westphalia is 23% higher than the national average.
  • The cost of housing in Westphalia is 68% 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.

Find Real Estate Listings In Westphalia

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Westphalia

Compare Westphalia, MD Cost of living To Other Cities

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
Use the salary calculator to compare your current salary in Westphalia, MD to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Westphalia, MD, then you would need to earn more income in order to maintain the same standard of living. To use the Westphalia, MD salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,934$7,661$2,145$2,758
Renters$69,891$5,824$1,631$2,097
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Westphalia, 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 Westphalia, MD homeowners have a median income of $91,934. Using that number, you will come up with a maximum of $2,145 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $69,891, which means there is a maximum of $1,631 to be spent on the costs of renting a home or apartment.

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 Westphalia, 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

ItemWestphaliaNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $53.25$34.6853.5%
Toothpaste $2.24$2.479.4%
Shampoo $1.02$1.020.2%
Movie $12.71$9.8728.8%
Bowling $5.38$4.3922.5%

Groceries

ItemWestphaliaNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.66$1.4613.4%
Milk $2.68$2.3613.7%
Potatoes $3.69$3.0620.5%
Pizza $8.00$9.2413.4%
Beer $9.29$8.637.6%

Health Care

ItemWestphaliaNational avg.Difference
Optometrist $73.50$99.7826.3%
Doctor $87.20$105.0317.0%
Dentist $86.40$88.702.6%
Ibuprofen $11.38$9.4120.9%
Lipitor $293.64$298.501.6%

Housing

ItemWestphaliaNational avg.Difference
Home Price $287,800.00$175,700.0063.8%
Avg. Mortgage Payment $2,743.63$1,081.03153.8%
Apartment Rent $1,642.00$920.0078.5%

Transportation

ItemWestphaliaNational avg.Difference
Gasoline $2.59$2.0923.8%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemWestphaliaNational avg.Difference
All Electricity$167.80$170.801.8%
Phone $27.32$28.263.3%
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.
Cedarville, MD61095-5%
Cottage City, MD1,07099-1%
Belle Haven, VA37695-5%
Capitol Heights, MD4,4521055%
Silver Hill, MD5,3351055%
Westphalia, MD7,21712323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hudsonville, MI7,21791-9%
Devils Lake, ND7,21886-14%
Sioux Center, IA7,21895-5%
Navasota, TX7,21582-18%
Southgate, FL7,2201033%
Westphalia, MD7,21712323%
Source: The Westphalia, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.