Woodlawn 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.
IndexWoodlawnMarylandNational
Cost of living index105115100
IndexWoodlawnMarylandNational
Goods & Services index9191100
Groceries index111112100
Health care index9088100
Housing index121154100
Transportation index109108100
Utilities index9799100
An overview of the general cost of living index for Woodlawn, MD is displayed above for your reference. Residents in Woodlawn, MD enjoy a cost of living index of 105. This index is 9% lower than the Maryland average, and 5% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Woodlawn, MD, the average cost of goods and services is 1% lower than it is in Maryland, and it is 9% lower than the national average.

Did you know?

  • The cost of living in Woodlawn is 9% lower than the Maryland average.
  • The cost of living in Woodlawn is 5% higher than the national average.
  • The cost of housing in Woodlawn is 21% 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 Woodlawn

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Woodlawn

Compare Woodlawn, 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
The salary calculator allows you to compare how much your current salary in Woodlawn, 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 Woodlawn, MD, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Woodlawn, 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$80,108$6,676$1,869$2,403
Renters$46,759$3,897$1,091$1,403
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Woodlawn, 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 Woodlawn, MD homeowners have a median income of $80,108. Using that number, you will come up with a maximum of $1,869 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $46,759, which means there is a maximum of $1,091 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%
When considering the overall cost of living expenses in Woodlawn, 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

ItemWoodlawnNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $43.00$34.6824.0%
Toothpaste $2.13$2.4713.9%
Shampoo $0.99$1.023.1%
Movie $10.81$9.879.5%
Bowling $5.30$4.3920.7%

Groceries

ItemWoodlawnNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.57$1.467.2%
Milk $2.59$2.369.9%
Potatoes $3.89$3.0627.1%
Pizza $8.00$9.2413.4%
Beer $8.49$8.631.7%

Health Care

ItemWoodlawnNational avg.Difference
Optometrist $67.49$99.7832.4%
Doctor $80.00$105.0323.8%
Dentist $81.75$88.707.8%
Ibuprofen $10.58$9.4112.4%
Lipitor $293.64$298.501.6%

Housing

ItemWoodlawnNational avg.Difference
Home Price $206,500.00$175,700.0017.5%
Avg. Mortgage Payment $1,575.45$1,081.0345.7%
Apartment Rent $1,174.00$920.0027.6%

Transportation

ItemWoodlawnNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $48.80$45.297.8%

Utilities

ItemWoodlawnNational avg.Difference
All Electricity$159.30$170.806.7%
Phone $28.67$28.261.5%
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.
Dundalk, MD62,18696-4%
Baltimore, MD622,27196-4%
Lansdowne, MD8,71498-2%
Baltimore Highlands, MD7,0781000%
Parkville, MD31,6061022%
Woodlawn, MD39,5181055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Atlantic City, NJ39,52111313%
Bullhead City, AZ39,48085-15%
Prescott Valley, AZ39,57594-6%
Whitney, NV39,45898-2%
Beaumont, CA39,62011313%
Woodlawn, MD39,5181055%
Source: The Woodlawn, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.