Chester 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.
IndexChesterMarylandNational
Cost of living index124121100
IndexChesterMarylandNational
Goods & Services index105108100
Groceries index116119100
Health care index8486100
Housing index168150100
Transportation index102108100
Utilities index104108100
An overview of the general cost of living index for Chester, MD is displayed above for your reference. Residents in Chester, MD enjoy a cost of living index of 124. This index is 2% higher than the Maryland average, and 24% 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 Chester, MD, the average cost of goods and services is 3% lower than it is in Maryland, and it is 5% higher than the national average.
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Did you know?

  • The cost of living in Chester is 2% higher than the Maryland average.
  • The cost of living in Chester is 24% higher than the national average.
  • The cost of housing in Chester 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.

Compare Chester, MD Cost of living To Other Cities

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      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 is used in order to provide a comparison of your current salary in Chester, MD to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Chester, MD, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Chester, MD salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$106,932$8,911$2,495$3,208
      Renters$50,278$4,190$1,173$1,508
      If you want to find a good determining factor for the cost of living and the general affordability of housing in Chester, 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 Chester, MD, the median monthly income is $106,932 for those who own their own homes. Under the standard rule, that income level would allow for $2,495 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $50,278, per the median income in the area. That would allow for renters to spend up to $1,173 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 Chester, 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

      ItemChesterNational avg.Difference
      Haircut $21.67$17.4923.9%
      Beauty Salon $57.50$38.1750.6%
      Toothpaste $5.64$2.32143.0%
      Shampoo $0.99$1.012.2%
      Movie $13.19$10.7223.0%
      Bowling $20.00$13.8644.3%

      Groceries

      ItemChesterNational avg.Difference
      Ground Beef $4.32$3.9010.8%
      Fried Chicken $1.60$1.4014.6%
      Milk $2.39$1.9621.8%
      Potatoes $4.32$3.1835.7%
      Pizza $10.99$10.395.7%
      Beer $9.19$9.230.4%

      Health Care

      ItemChesterNational avg.Difference
      Optometrist $82.95$106.3422.0%
      Doctor $93.69$115.2518.7%
      Dentist $84.98$98.3813.6%
      Ibuprofen $8.99$9.262.9%
      Lipitor $370.40$466.4720.6%

      Housing

      ItemChesterNational avg.Difference
      Home Price $307,000.00$184,700.0066.2%
      Avg. Mortgage Payment $1,602.22$1,273.3225.8%
      Apartment Rent $1,647.00$949.0073.6%

      Transportation

      ItemChesterNational avg.Difference
      Gasoline $2.54$2.591.9%
      Tire Balancing $54.77$48.9012.0%

      Utilities

      ItemChesterNational avg.Difference
      All Electricity$173.73$167.603.7%
      Phone $189.30$163.4215.8%
      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.
      Edesville, MD2101011%
      Rock Hall, MD1,2041022%
      Easton, MD16,63711818%
      Riviera Beach, MD13,58611717%
      Grasonville, MD3,41211818%
      Chester, MD4,94412424%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Fairfield, IL4,94482-18%
      Needles, CA4,94580-20%
      Eagar, AZ4,9431000%
      Circle Pines, MN4,9471066%
      Medina, TX4,94768-32%
      Chester, MD4,94412424%
      Source: The Chester, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.