| Index | New Carrollton | Maryland | National |
| Cost of living | 122 | 121 | 100 |
| Groceries | 106 | 105 | 100 |
| Health care | 106 | 109 | 100 |
| Housing | 157 | 151 | 100 |
| Transportation | 110 | 109 | 100 |
| Utilities | 105 | 108 | 100 |
| Lifestyle & Entertainment | 106 | 109 | 100 |
| Household Items | 106 | 105 | 100 |
| Education & Childcare | 111 | 112 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in New Carrollton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in New Carrollton stands at 122, making it 22% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in New Carrollton is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, New Carrollton falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs are a major factor in the New Carrollton cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 56.6% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Wondering if New Carrollton is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In New Carrollton, for example, the median home price is 56.1% higher than what folks pay nationally, and monthly rent is 57.8% higher than the usual rates. Plus, income levels matter too, with New Carrollton boasting a median household income of $103,662, which is 27.5% higher than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In New Carrollton, the baseline sales tax rate begins at 6%, and income tax rates start at 2%.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In New Carrollton, the utilities index registers at 4.9% higher than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In New Carrollton, the groceries index registers 5.6% higher than the national average.
The New Carrollton cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $142,043 | $11,837 | $3,314 | $4,262 |
| Renters | $84,505 | $7,042 | $1,972 | $2,535 |
| State | General Sales Tax | With Max Surtax |
| Maryland | 6% | 6% |
| State | Income Tax (Low) | Income Tax (High) |
| Maryland | 2% | 5.75% |
| City | Population | Cost of Living Index | National Avg. |
| Rose Hill CDP (Lee County), VA | 731 | 89 | 11.0% |
| Belle Haven town, VA | 578 | 99 | 1.4% |
| Cottage City, MD | 1,193 | 105 | 5.5% |
| Silver Hill, MD | 5,346 | 132 | 31.6% |
| Seat Pleasant, MD | 4,929 | 132 | 32.1% |
| New Carrollton, MD | 13,268 | 122 | 21.9% |
| City | Population | Cost of Living Index | National Avg. |
| Finneytown, OH | 13,269 | 91 | 8.9% |
| Lynnfield, MA | 13,272 | 177 | 76.9% |
| Rantoul, IL | 13,263 | 87 | 12.7% |
| Colchester, Subd. C, NS | 13,273 | n/a | |
| Miller Place, NY | 13,262 | 140 | 40.2% |
| New Carrollton, MD | 13,268 | 122 | 21.9% |
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