Riverdale Park 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.
IndexRiverdale ParkMarylandNational
Cost of living index120121100
IndexRiverdale ParkMarylandNational
Goods & Services index122108100
Groceries index116119100
Health care index9386100
Housing index129150100
Transportation index108108100
Utilities index116108100
Displayed above is a general overview of the Riverdale Park, MD cost of living index. The overall cost of living index in Riverdale Park, MD is 120, which is 1% lower than the Maryland average and 20% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Riverdale Park, MD are 13% higher than the Maryland average and 22% higher than the national average.
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Did you know?

  • The cost of living in Riverdale Park is 1% lower than the Maryland average.
  • The cost of living in Riverdale Park is 20% higher than the national average.
  • The cost of housing in Riverdale Park is 29% 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 Riverdale Park, MD Cost of living To Other Cities

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      Transportation index
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      Use the salary calculator to compare your current income in Riverdale Park, MD to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Riverdale Park, MD, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Riverdale Park, MD salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$101,622$8,469$2,371$3,049
      Renters$43,945$3,662$1,025$1,318
      The affordability of the housing market in Riverdale Park, MD as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Riverdale Park, MD homeowners, the median income is $101,622. This indicates that a monthly maximum of $2,371 should be spent by homeowners on all housing related costs. Renters have a median income of $43,945. This indicates that renters should have a maximum of $1,025 used for their rent related monthly 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 Riverdale Park, 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

      ItemRiverdale ParkNational avg.Difference
      Haircut $23.96$17.4937.0%
      Beauty Salon $63.61$38.1766.6%
      Toothpaste $3.05$2.3231.4%
      Shampoo $1.35$1.0133.4%
      Movie $13.92$10.7229.8%
      Bowling $20.61$13.8648.7%

      Groceries

      ItemRiverdale ParkNational avg.Difference
      Ground Beef $4.49$3.9015.1%
      Fried Chicken $1.76$1.4026.1%
      Milk $2.45$1.9624.9%
      Potatoes $4.51$3.1841.7%
      Pizza $11.06$10.396.4%
      Beer $10.26$9.2311.2%

      Health Care

      ItemRiverdale ParkNational avg.Difference
      Optometrist $79.25$106.3425.5%
      Doctor $109.41$115.255.1%
      Dentist $94.14$98.384.3%
      Ibuprofen $10.29$9.2611.1%
      Lipitor $402.41$466.4713.7%

      Housing

      ItemRiverdale ParkNational avg.Difference
      Home Price $248,100.00$184,700.0034.3%
      Avg. Mortgage Payment $3,689.97$1,273.32189.8%
      Apartment Rent $1,096.00$949.0015.5%

      Transportation

      ItemRiverdale ParkNational avg.Difference
      Gasoline $2.82$2.598.8%
      Tire Balancing $53.69$48.909.8%

      Utilities

      ItemRiverdale ParkNational avg.Difference
      All Electricity$214.22$167.6027.8%
      Phone $181.68$163.4211.2%
      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.
      Rose Hill CDP (Lee County), VA70891-9%
      Belle Haven town, VA5621011%
      Cottage City, MD1,2091099%
      Silver Hill, MD4,80211212%
      Landover, MD23,12411313%
      Riverdale Park, MD7,22112020%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Rockland, ME7,2201022%
      Oroville East, CA7,21811010%
      Delafield, WI7,21811616%
      Delphos, OH7,21686-14%
      Bel Aire, KS7,21495-5%
      Riverdale Park, MD7,22112020%
      Source: The Riverdale Park, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.