Dundalk, Maryland Cost Of Living

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C

Overall 2%

Goods & Services 3%

Housing 13%

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	Dundalk	Maryland	National
Cost of living	98	119	100
Goods & Services	103	105	100
Groceries	110	110	100
Health care	81	83	100
Housing	87	150	100
Transportation	102	107	100
Utilities	106	105	100

Key findings

The cost of living in Dundalk is 17% lower than the Maryland average
The cost of living in Dundalk is 2% lower than the national average
Dundalk housing is 13% lower than the national average
Maryland general sales tax is 18% higher than the national average
Maryland state income tax is 19% 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)
Owners	$55,577	$4,631	$1,297	$1,667
Renters	$37,829	$3,152	$883	$1,135

To approximate the cost of living and the housing affordability in Dundalk, MD, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Dundalk 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%

Goods & Services

Item	Dundalk	National avg.	Difference
Haircut	$23.75	$20.27	17.2%
Beauty Salon	$55.39	$40.39	37.1%
Toothpaste	$2.74	$2.36	16.1%
Shampoo	$1.11	$1.08	2.8%
Movie	$13.91	$10.99	26.6%
Bowling	$16.17	$15.49	4.4%

Groceries

Item	Dundalk	National avg.	Difference
Ground Beef	$4.03	$4.30	6.1%
Fried Chicken	$1.53	$1.40	9.3%
Milk	$2.57	$2.20	16.7%
Potatoes	$3.63	$3.22	12.8%
Pizza	$11.32	$10.74	5.4%
Beer	$9.49	$9.60	1.1%

Health Care

Item	Dundalk	National avg.	Difference
Optometrist	$82.95	$109.73	24.4%
Doctor	$82.95	$118.34	29.9%
Dentist	$84.98	$100.94	15.8%
Ibuprofen	$10.13	$9.93	2.0%
Lipitor	$370.40	$469.53	21.1%

Housing

Item	Dundalk	National avg.	Difference
Home Price	$141,700.00	$184,700.00	23.3%
Avg. Mortgage Payment	$1,299.62	$1,229.62	5.7%
Apartment Rent	$1,038.00	$949.00	9.4%

Transportation

Item	Dundalk	National avg.	Difference
Gasoline	$2.70	$2.71	0.4%
Tire Balancing	$54.77	$51.86	5.6%

Utilities

Item	Dundalk	National avg.	Difference
All Electricity	$181.84	$170.84	6.4%
Phone	$195.41	$187.18	4.4%

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.
Baltimore, MD	621,000	99	1.3%
Lansdowne, MD	8,365	100	0.1%
Middle River, MD	26,631	101	0.6%
Rock Hall, MD	1,204	101	0.8%
Edgewood, MD	26,303	101	0.9%
Dundalk, MD	62,337	98	2.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Haverhill, MA	62,340	118	18.0%
Council Bluffs, IA	62,326	89	11.4%
Hamilton, OH	62,259	87	13.3%
Broomfield, CO	62,449	118	18.4%
Encinitas, CA	62,160	191	90.9%
Dundalk, MD	62,337	98	2.0%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.