Cost Of Living in Hamilton Area, MD

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B+

2%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

17%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Hamilton Area	Baltimore	Maryland
Cost of living	98	102	119
Goods & Services	103	103	106
Groceries	105	105	106
Health care	98	98	97
Housing	83	98	150
Transportation	101	101	98
Utilities	111	111	111

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Cost Of Living Quick Facts

The cost of living in Hamilton Area is 18% lower than the Baltimore average
The cost of living in Hamilton Area is 2% lower than the national average
Hamilton Area housing is 17% lower than the national average
Maryland general sales tax is 18% higher than the national average
Maryland state income tax is 23% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Household	$60,103	$5,009	$1,402	$1,803

Maryland Sales Tax

State	General Sales Tax	With Max Surtax
Maryland	6%	6%

Maryland Income Tax

State	Income Tax (Low)	Income Tax (High)
Maryland	2%	5.75%

Goods & Services

Item	Baltimore	National avg.	Difference
Haircut	$28.33	$24.26	16.8%
Beauty Salon	$58.17	$45.56	27.7%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.44	$1.28	12.7%
Movie	$13.69	$12.13	12.9%
Bowling	$23.03	$18.00	27.9%

Groceries

Item	Baltimore	National avg.	Difference
Ground Beef	$6.23	$5.84	6.7%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.73	$4.67	1.2%
Potatoes	$5.46	$4.93	10.7%
Pizza	$13.24	$12.09	9.5%
Beer	$10.36	$10.41	0.5%

Health Care

Item	Baltimore	National avg.	Difference
Optometrist	$114.22	$125.68	9.1%
Doctor	$133.22	$135.78	1.9%
Dentist	$117.22	$113.29	3.5%
Ibuprofen	$11.10	$10.65	4.2%
Lipitor	$401.39	$468.60	14.3%

Housing

Item	Baltimore	National avg.	Difference
Home Price	$167,300.00	$184,700.00	9.4%
Avg. Mortgage Payment	$1,906.29	$2,346.69	18.8%
Apartment Rent	$1,094.00	$949.00	15.3%

Transportation

Item	Baltimore	National avg.	Difference
Gasoline	$3.46	$3.46	0.1%
Tire Balancing	$62.66	$59.92	4.6%

Utilities

Item	Baltimore	National avg.	Difference
All Electricity	$223.91	$193.99	15.4%
Phone	$199.62	$192.25	3.8%

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	Population	Cost of Living Index	National Avg.
Bel Air CDP, MD	1,383	98	2.3%
Dundalk, MD	63,826	102	1.7%
Lansdowne, MD	8,635	102	2.4%
Edgewood, MD	25,065	105	4.8%
Essex, MD	39,307	105	5.5%
Baltimore, MD	602,274	102	2.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Milwaukee, WI	592,649	93	6.5%
Louisville, KY	618,733	97	3.3%
Albuquerque, NM	560,447	100	0.2%
Surrey, BC	560,150	n/a
Las Vegas, NV	644,594	109	9.3%
Baltimore, MD	602,274	102	2.1%