Parole 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.
IndexParoleMarylandNational
Cost of living index137121100
IndexParoleMarylandNational
Goods & Services index105108100
Groceries index116119100
Health care index8486100
Housing index210150100
Transportation index102108100
Utilities index104108100
An overview of the general cost of living index for Parole, MD is displayed above for your reference. Residents in Parole, MD enjoy a cost of living index of 137. This index is 13% higher than the Maryland average, and 37% 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 Parole, 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 Parole is 13% higher than the Maryland average.
  • The cost of living in Parole is 37% higher than the national average.
  • The cost of housing in Parole is 110% 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 Parole, MD Cost of living To Other Cities

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      Cost of living index
      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 Parole, 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 Parole, MD, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Parole, 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)
      Owners$100,731$8,394$2,350$3,022
      Renters$87,099$7,258$2,032$2,613
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Parole, MD as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Parole, MD homeowners, is $100,731. This would allow for a maximum of $2,350 per month to be spent on housing costs. For renters, the median monthly income is $87,099 which would result in a maximum of $2,032 to be spent on rental costs.

      Maryland Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Maryland6%6%

      Maryland Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Maryland2%5.75%
      The Maryland sales tax and Maryland income tax rates should definitely be considered when determining the overall cost of living in Parole, MD. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Maryland sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Maryland income tax rates range from 2% to 5.75%.

      Goods & Services

      ItemParoleNational 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%

      Groceries

      ItemParoleNational 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

      ItemParoleNational 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%

      Housing

      ItemParoleNational avg.Difference
      Home Price $409,500.00$184,700.00121.7%
      Avg. Mortgage Payment $1,602.22$1,273.3225.8%
      Apartment Rent $1,743.00$949.0083.7%

      Transportation

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

      Utilities

      ItemParoleNational 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.
      Upper Marlboro, MD69411919%
      Glen Burnie, MD69,06011313%
      Ferndale, MD18,43911313%
      Largo, MD10,68912424%
      Riviera Beach, MD13,58611717%
      Parole, MD16,67913737%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      New Milford, NJ16,68213434%
      Roosevelt, NY16,67514040%
      Tifton, GA16,69189-11%
      Altoona, IA16,69293-7%
      North Decatur, GA16,65211212%
      Parole, MD16,67913737%
      Source: The Parole, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.