Lochearn 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.
Cost of living index106121100
Goods & Services index105108100
Groceries index116119100
Health care index8486100
Housing index107150100
Transportation index102108100
Utilities index104108100
An overview of the general cost of living index for Lochearn, MD is displayed above for your reference. Residents in Lochearn, MD enjoy a cost of living index of 106. This index is 13% lower than the Maryland average, and 6% 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 Lochearn, 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 Lochearn is 13% lower than the Maryland average.
  • The cost of living in Lochearn is 6% higher than the national average.
  • The cost of housing in Lochearn is 7% 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 Lochearn, MD Cost of living To Other Cities

Salary Calculator

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Lochearn, MD to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Lochearn, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Lochearn, MD salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
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 Lochearn, 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. Lochearn, MD has a median income of about $70,543 for people who own homes. Based on that number, a person should spend a maximum of $1,646 on expenses related to housing. Renters have a slightly different median income, which is $42,596. Based on this average, renters should spend no more than $994 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

Maryland Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Lochearn, MD, it's important to take into account the sales tax for Maryland, as well as the rate for income tax in Maryland. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Maryland is 6%, and the sales tax in the state of Maryland is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Maryland starts from 2% and goes up to 5.75%.

Goods & Services

ItemLochearnNational 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%


ItemLochearnNational 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

ItemLochearnNational 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%


ItemLochearnNational avg.Difference
Home Price $193,000.00$184,700.004.5%
Avg. Mortgage Payment $1,602.22$1,273.3225.8%
Apartment Rent $1,078.00$949.0013.6%


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


ItemLochearnNational 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.
Dundalk, MD62,3371000%
Baltimore, MD621,0001000%
Lansdowne, MD8,3651022%
Essex, MD38,9551033%
Baltimore Highlands, MD7,5461044%
Lochearn, MD25,8781066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Pleasant, MI25,89689-11%
Graham, WA25,89711717%
Neenah, WI25,84992-8%
Twentynine Palms, CA25,84893-7%
Vernon Hills, IL25,91012424%
Lochearn, MD25,8781066%
Source: The Lochearn, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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