Forest Glen 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.
IndexForest GlenMarylandNational
Cost of living index139121100
IndexForest GlenMarylandNational
Goods & Services index112108100
Groceries index122119100
Health care index8886100
Housing index201150100
Transportation index114108100
Utilities index112108100
Here we can see a simple outline of the cost of living in Forest Glen, MD. As you can see, with the average cost of living in Forest Glen, MD being 139, that puts it 15% higher than the average of Maryland and 39% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Forest Glen, MD, the price of goods and services are 3% higher than the average of Maryland as well as 12% higher than the nation's average.
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Did you know?

  • The cost of living in Forest Glen is 15% higher than the Maryland average.
  • The cost of living in Forest Glen is 39% higher than the national average.
  • The cost of housing in Forest Glen is 101% 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 Forest Glen, 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
      Using the salary calculator lets you compare the salary you earn in Forest Glen, 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 Forest Glen, MD, you have to earn a higher income in order to still have the same standard of living. To operate the Forest Glen, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$128,546$10,712$2,999$3,857
      Renters$55,795$4,650$1,302$1,674
      A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Forest Glen, MD, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Forest Glen, MD has a median income of about $128,546 for people who own homes. Based on that number, a person should spend a maximum of $2,999 on expenses related to housing. Renters have a slightly different median income, which is $55,795. Based on this average, renters should spend no more than $1,302 on all of their rental costs if they want to maintain a non-impoverished standard of living.

      Maryland Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Maryland6%6%

      Maryland Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Maryland2%5.75%
      When assessing the complete cost of living in Forest Glen, 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

      ItemForest GlenNational avg.Difference
      Haircut $31.21$17.4978.4%
      Beauty Salon $62.71$38.1764.3%
      Toothpaste $3.04$2.3231.0%
      Shampoo $1.79$1.0176.9%
      Movie $12.50$10.7216.6%
      Bowling $18.50$13.8633.5%

      Groceries

      ItemForest GlenNational avg.Difference
      Ground Beef $5.16$3.9032.3%
      Fried Chicken $1.99$1.4042.6%
      Milk $2.99$1.9652.4%
      Potatoes $4.59$3.1844.2%
      Pizza $11.99$10.3915.4%
      Beer $10.99$9.2319.1%

      Health Care

      ItemForest GlenNational avg.Difference
      Optometrist $75.00$106.3429.5%
      Doctor $97.00$115.2515.8%
      Dentist $87.00$98.3811.6%
      Ibuprofen $10.99$9.2618.7%
      Lipitor $398.86$466.4714.5%

      Housing

      ItemForest GlenNational avg.Difference
      Home Price $416,000.00$184,700.00125.2%
      Avg. Mortgage Payment $2,930.07$1,273.32130.1%
      Apartment Rent $1,360.00$949.0043.3%

      Transportation

      ItemForest GlenNational avg.Difference
      Gasoline $2.80$2.598.0%
      Tire Balancing $62.00$48.9026.8%

      Utilities

      ItemForest GlenNational avg.Difference
      All Electricity$200.52$167.6019.6%
      Phone $187.49$163.4214.7%
      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.
      Wakefield town, VA81098-2%
      Cottage City, MD1,2091099%
      Silver Hill, MD4,80211212%
      Landover, MD23,12411313%
      Bladensburg, MD9,50511313%
      Forest Glen, MD6,91513939%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Tappan, NY6,91315252%
      Georgetown, DE6,9171099%
      Upper Sandusky, OH6,91786-14%
      Kaufman, TX6,91992-8%
      Plaquemine, LA6,92091-9%
      Forest Glen, MD6,91513939%
      Source: The Forest Glen, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.