Smith Island 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.
IndexSmith IslandMarylandNational
Cost of living index94121100
IndexSmith IslandMarylandNational
Goods & Services index117108100
Groceries index127119100
Health care index9686100
Housing index52150100
Transportation index99108100
Utilities index93108100
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Did you know?

  • The cost of living in Smith Island is 22% lower than the Maryland average.
  • The cost of living in Smith Island is 6% lower than the national average.
  • The cost of housing in Smith Island is 48% lower 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 Smith Island, MD Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$21,786$1,816$508$654
      Renters$0$0$0$0

      Maryland Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Maryland6%6%

      Maryland Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Maryland2%5.75%

      Goods & Services

      ItemSmith IslandNational avg.Difference
      Haircut $16.50$17.495.7%
      Beauty Salon $40.00$38.174.8%
      Toothpaste $2.89$2.3224.5%
      Shampoo $1.07$1.015.7%
      Movie $11.50$10.727.2%
      Bowling $18.00$13.8629.9%

      Groceries

      ItemSmith IslandNational avg.Difference
      Ground Beef $4.59$3.9017.7%
      Fried Chicken $2.09$1.4049.7%
      Milk $2.32$1.9618.2%
      Potatoes $4.52$3.1842.0%
      Pizza $10.00$10.393.8%
      Beer $7.99$9.2313.4%

      Health Care

      ItemSmith IslandNational avg.Difference
      Optometrist $106.50$106.340.2%
      Doctor $106.50$115.257.6%
      Dentist $88.50$98.3810.0%
      Ibuprofen $11.79$9.2627.3%
      Lipitor $467.89$466.470.3%

      Housing

      ItemSmith IslandNational avg.Difference
      Home Price $96,700.00$184,700.0047.6%
      Avg. Mortgage Payment $1,135.23$1,273.3210.8%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      ItemSmith IslandNational avg.Difference
      Gasoline $2.44$2.595.9%
      Tire Balancing $54.00$48.9010.4%

      Utilities

      ItemSmith IslandNational avg.Difference
      All Electricity$153.32$167.608.5%
      Phone $173.76$163.426.3%
      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.
      Frenchtown-Rumbly, MD9611212%
      Dames Quarter, MD18386-14%
      Tangier, VA50183-17%
      Crisfield, MD2,65996-4%
      Fairmount, MD29297-3%
      Smith Island, MD19594-6%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Rodanthe, NC19593-7%
      Hinsdale, MT19587-13%
      Plaza, ND19599-1%
      Searles, MN19590-10%
      Joice, IA19582-18%
      Smith Island, MD19594-6%
      Source: The Smith Island, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.