D+
10%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
25%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Taneytown Maryland National
Cost of living110119100
Goods & Services103106100
Groceries105106100
Health care9897100
Housing125150100
Transportation10198100
Utilities111111100
New Real Estate Listings in Taneytown Area
Search Homes for Sale in Taneytown, MD

Cost Of Living Quick Facts

  • The cost of living in Taneytown is 7% lower than the Maryland average
  • The cost of living in Taneytown is 10% higher than the national average
  • Taneytown housing is 25% higher than the national average
  • Maryland general sales tax is 18% higher than the national average
  • Maryland state income tax is 11% lower than the national average

Most Affordable Places to Live in and Around Taneytown

See all the best places to live around Taneytown

Compare Taneytown, MD Cost of Living

      vs
      How would you rate the cost of living in Taneytown?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Taneytown?
      Write a review to give others more information about this area.
      See all Taneytown poll results

      Salary Calculator

      This is how much you would need to earn in
      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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$79,531$6,628$1,856$2,386
      Renters$0$0$0$0
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Taneytown, 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 Taneytown homeowners, is $79,531. This would allow for a maximum of $1,856 per month to be spent on housing costs. For renters, the median monthly income is $0 which would result in a maximum of $0 to be spent on rental costs.

      Maryland Sales Tax

      State General Sales Tax With Max Surtax
      Maryland 6% 6%

      Maryland Income Tax

      State Income Tax (Low) Income Tax (High)
      Maryland 2% 5.75%

      Goods & Services

      Item Taneytown National avg. Difference
      Haircut $28.33$24.2616.8%
      Beauty Salon $58.17$45.5627.7%
      Toothpaste $3.69$3.700.3%
      Shampoo $1.44$1.2812.7%
      Movie $13.69$12.1312.9%
      Bowling $23.03$18.0027.9%

      Groceries

      Item Taneytown National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.39$1.5711.4%
      Milk $4.73$4.671.2%
      Potatoes $5.46$4.9310.7%
      Pizza $13.24$12.099.5%
      Beer $10.36$10.410.5%

      Health Care

      Item Taneytown National avg. Difference
      Optometrist $114.22$125.689.1%
      Doctor $133.22$135.781.9%
      Dentist $117.22$113.293.5%
      Ibuprofen $11.10$10.654.2%
      Lipitor $401.39$468.6014.3%

      Housing

      Item Taneytown National avg. Difference
      Home Price $258,800.00$184,700.0040.1%
      Avg. Mortgage Payment $1,906.29$2,346.6918.8%
      Apartment Rent $838.00$949.0011.7%

      Transportation

      Item Taneytown National avg. Difference
      Gasoline $3.46$3.460.1%
      Tire Balancing $62.66$59.924.6%

      Utilities

      Item Taneytown National avg. Difference
      All Electricity $223.91$193.9915.4%
      Phone $199.62$192.253.8%
      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 Population Cost of Living Index National Avg.
      Middleburg, MD01043.9%
      Midway, PA1,014918.6%
      Midway borough, PA880927.9%
      Orrtanna, PA116981.6%
      Hanover, PA15,675991.0%
      Taneytown, MD6,83711010.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Youngtown, AZ6,8371000.3%
      Milford, OH6,840973.0%
      Mira Monte, CA6,83316867.7%
      Sandston, VA6,833972.7%
      Hope, BC6,832n/a 
      Taneytown, MD6,83711010.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.