Dundalk, MD Cost Of Living

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Dundalk 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.
Index	Dundalk	Maryland	National
Cost of living index	100	121	100
Index	Dundalk	Maryland	National
Goods & Services index	105	108	100
Groceries index	116	119	100
Health care index	84	86	100
Housing index	87	150	100
Transportation index	102	108	100
Utilities index	104	108	100

Displayed above is a general overview of the Dundalk, MD cost of living index. The overall cost of living index in Dundalk, MD is 100, which is 18% lower than the Maryland average and equal to the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Dundalk, MD are 3% lower than the Maryland average and 5% higher than the national average.

Did you know?

The cost of living in Dundalk is 18% lower than the Maryland average.
The cost of living in Dundalk is equal to the national average.
The cost of housing in Dundalk is 13% lower 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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Salary Calculator

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

Using the salary calculator lets you compare the salary you earn in Dundalk, MD to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Dundalk, MD, you have to earn a higher income in order to still have the same standard of living. To operate the Dundalk, MD salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,577	$4,631	$1,297	$1,667
Renters	$37,829	$3,152	$883	$1,135

One can approximate the cost of living and the housing affordability in Dundalk, MD by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Dundalk, MD have a median income of $55,577. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,297 per month to avoid calamity and poverty. The renters in the city have an income of about $37,829, which would make their monthly maximum allowable rental costs $883.

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%

When assessing the complete cost of living in Dundalk, MD, the Maryland income tax and the Maryland sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Maryland maximum surtax is 6%, and the Maryland sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5.75% in Maryland.

Goods & Services

Item	Dundalk	National avg.	Difference
Haircut	$21.67	$17.49	23.9%
Beauty Salon	$57.50	$38.17	50.6%
Toothpaste	$5.64	$2.32	143.0%
Shampoo	$0.99	$1.01	2.2%
Movie	$13.19	$10.72	23.0%
Bowling	$20.00	$13.86	44.3%

Groceries

Item	Dundalk	National avg.	Difference
Ground Beef	$4.32	$3.90	10.8%
Fried Chicken	$1.60	$1.40	14.6%
Milk	$2.39	$1.96	21.8%
Potatoes	$4.32	$3.18	35.7%
Pizza	$10.99	$10.39	5.7%
Beer	$9.19	$9.23	0.4%

Health Care

Item	Dundalk	National avg.	Difference
Optometrist	$82.95	$106.34	22.0%
Doctor	$93.69	$115.25	18.7%
Dentist	$84.98	$98.38	13.6%
Ibuprofen	$8.99	$9.26	2.9%
Lipitor	$370.40	$466.47	20.6%

Housing

Item	Dundalk	National avg.	Difference
Home Price	$141,700.00	$184,700.00	23.3%
Avg. Mortgage Payment	$1,602.22	$1,273.32	25.8%
Apartment Rent	$1,038.00	$949.00	9.4%

Transportation

Item	Dundalk	National avg.	Difference
Gasoline	$2.54	$2.59	1.9%
Tire Balancing	$54.77	$48.90	12.0%

Utilities

Item	Dundalk	National avg.	Difference
All Electricity	$173.73	$167.60	3.7%
Phone	$189.30	$163.42	15.8%

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, State	Population	Cost of Living Index	National Avg.
Baltimore, MD	621,000	100	0%
Lansdowne, MD	8,365	102	2%
Middle River, MD	26,631	102	2%
Rock Hall, MD	1,204	102	2%
Edgewood, MD	26,303	103	3%
Dundalk, MD	62,337	100	0%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Haverhill, MA	62,340	116	16%
Council Bluffs, IA	62,326	86	-14%
Hamilton, OH	62,259	89	-11%
Broomfield, CO	62,449	117	17%
Encinitas, CA	62,160	190	90%
Dundalk, MD	62,337	100	0%

Dundalk, MD Cost of Living