Somerset 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.
IndexSomersetMarylandNational
Cost of living index242120100
IndexSomersetMarylandNational
Goods & Services index113109100
Groceries index115111100
Health care index9493100
Housing index550150100
Transportation index106104100
Utilities index100104100

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Did you know?

  • The cost of living in Somerset is 101% higher than the Maryland average.
  • The cost of living in Somerset is 142% higher than the national average.
  • The cost of housing in Somerset is 450% 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.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$250,001$20,833$5,833$7,501
Renters$250,001$20,833$5,833$7,501

Maryland Sales Tax

StateGeneral Sales TaxWith Max Surtax
Maryland6%6%

Maryland Income Tax

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

Goods & Services

ItemSomersetNational avg.Difference
Haircut $20.00$16.0924.3%
Beauty Salon $55.00$37.3347.3%
Toothpaste $2.42$2.451.0%
Shampoo $1.06$1.005.6%
Movie $15.17$10.2847.5%
Bowling $6.00$4.9321.7%

Groceries

ItemSomersetNational avg.Difference
Ground Beef $4.42$3.8016.3%
Fried Chicken $1.89$1.4035.3%
Milk $2.32$2.0115.7%
Potatoes $3.79$3.0125.9%
Pizza $11.99$9.8921.3%
Beer $9.99$8.9012.3%

Health Care

ItemSomersetNational avg.Difference
Optometrist $72.75$102.1628.8%
Doctor $94.00$108.3613.3%
Dentist $86.00$92.537.1%
Ibuprofen $10.19$9.289.8%
Lipitor $443.01$425.824.0%

Housing

ItemSomersetNational avg.Difference
Home Price $1,165,700.00$184,700.00531.1%
Avg. Mortgage Payment $2,740.19$1,202.44127.9%
Apartment Rent $3,429.00$949.00261.3%

Transportation

ItemSomersetNational avg.Difference
Gasoline $2.35$2.244.9%
Tire Balancing $50.00$46.298.0%

Utilities

ItemSomersetNational avg.Difference
All Electricity$176.24$165.966.2%
Phone $26.86$28.686.4%
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), VA70892-8%
Wakefield town, VA81097-3%
Belle Haven town, VA5621022%
Cottage City, MD1,20911010%
Silver Hill, MD4,80211212%
Somerset, MD1,215242142%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Webster, IN1,21592-8%
Lonaconing, MD1,21483-17%
Cypress Quarters, FL1,21491-9%
Laingsburg, MI1,21688-12%
Ansonia, OH1,21475-25%
Somerset, MD1,215242142%
Source: The Somerset, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.