Montgomery County cost of living is 139.4
| COST OF LIVING | Montgomery | Maryland |
|---|---|---|
| Health | 92.6 | 89.1 |
| Housing | 195 | 127.2 |
| Median Home Cost | $560,100 | $361,900 |
| Utilities | 104.8 | 105.6 |
Is Montgomery County MD expensive to live in?
Montgomery Village, Maryland’s cost of living is 42% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
How much do you need to make to live in Montgomery County MD?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $38,296 | $71,854 |
| Annual taxes | $8,809 | $16,527 |
| Required annual income before taxes | $47,105 | $88,381 |
What is the average cost of living in Maryland?
Our cost of living indices are based on a US average of 100. An amount below 100 means Maryland is cheaper than the US average.
Maryland cost of living is 113.0.
| COST OF LIVING | Maryland | United States |
|---|---|---|
| Health | 89.1 | 100 |
| Housing | 127.2 | 100 |
| Median Home Cost | $361,900 | $291,700 |
| Utilities | 105.6 | 100 |
What is the cost of living in Maryland 2022?
Comparison Highlights
| Cost of Living Indexes | Baltimore, MD | Difference |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 91.3 | 52.9% more |
| Food & Groceries | 98.0 | 15.5% more |
| Housing (Homeowner) | 49.4 | 339.7% more |
| Median Home Cost | $175,500 | $418,000 (238.2% more) |
What is the cheapest county to live in Maryland?
There are plenty of great places to live in Maryland but there are some counties that are undeniably more expensive than others.
Here Are The 10 Cheapest Yet Great Counties To Live In Maryland
- Allegany County.
- Garrett County.
- Wicomico County.
- Washington County.
- Worcester County.
- Kent County.
- Harford County.
- St.
Is Montgomery County a good place to live?
Montgomery County Dominates Niche’s 2022 ‘Best Places to Live in Maryland’ List. Niche recently releases its 2022 list of the ‘Best Places to Live in Maryland’ and 18 of the top 25 are right here in Montgomery County. Niche.com is an American company headquartered in Pittsburgh that runs a ranking and review site.
What is a good salary to live in Maryland?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $33,377 | $68,319 |
| Annual taxes | $7,677 | $15,714 |
| Required annual income before taxes | $41,054 | $84,033 |
What is a good salary for Maryland?
In 2021, Maryland workers averaged a per capita personal income of $69,266 a year, higher than the national average of $63,445 a year. Maryland workers were paid about $1,338 per week, while the national average salary was approximately $1,220 per week.
How much do you have to make to live comfortably in Maryland?
How much does a Comfortable make in Maryland? As of Jul 20, 2022, the average annual pay for the Comfortable jobs category in Maryland is $39,248 a year. Just in case you need a simple salary calculator, that works out to be approximately $18.87 an hour.
What is the best area to live in Maryland?
Best Places To Live in Maryland
- Rockville. At the core of the Interstate 270 Technology Corridor is Rockville, which houses many biotechnology and software companies along with federal government agencies.
- Bethesda.
- Frederick.
- College Park.
- Towson.
- Silver Spring.
- North Bethesda.
- Columbia.
Is it cheaper to live in Virginia or Maryland?
Maryland is 3.7% more expensive than Virginia.
Why is rent so high in Maryland?
One of the major reasons why we are seeing such a rise in the rent prices in Maryland is that the state borders Washington DC. Though there are many beautiful places to live throughout the district, the high costs here simply don’t make it feasible.
What is the average electric bill in Maryland?
Electricity bills in Maryland
In Maryland, the average monthly electricity bill for residential consumers is $163/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,193 kWh * 14 ¢/kWh.
Is it cheaper to live in Texas or Maryland?
Go to any online cost-of-living calculator and you will find that the cost of living in Maryland is 4 percent to 4.5 percent less than living in Texas, even with the Maryland state income tax. If you earned $50,000 a year in Texas, you’d have an extra $20-$25 a week in your pocket simply by moving to Maryland.
Is it cheaper to live in Florida or Maryland?
Maryland is 13.1% more expensive than Florida.
Where should you not live in Maryland?
Here Are The 10 Most Dangerous Towns In Maryland To Live In
- 1) Baltimore. Baltimore, MD, USA.
- 2) Ocean City. Ocean City, MD, USA.
- 3) Elkton. Elkton, MD 21921, USA.
- 4) Pocomoke City. Pocomoke City, MD 21851, USA.
- 5) Salisbury. Salisbury, MD, USA.
- 6) Bladensburg. Bladensburg, MD, USA.
- 7) Suitland.
- 8) Cambridge.
Where is the cheapest and safest place to live in Maryland?
Check out these six affordable places to live in Maryland!
- Arbutus.
- Bel Air.
- Brunswick.
- Easton.
- Glenarden.
- White Marsh.
What is the safest place to live in Maryland?
Safest Cities in Maryland, 2019
| Rank | City | Safety Index |
|---|---|---|
| 1 | Bel Air | 0.57 |
| 2 | Havre de Grace | 0.51 |
| 3 | Easton | 0.38 |
| 4 | Ocean Pines | 0.33 |
What is the best place to live in Montgomery County MD?
The neighborhoods to make the top 25 list include: North Potomac (1); South Kensington (2), North Bethesda (3); Potomac (4); Bethesda (5); Chevy Chase (7); Travilah (8); Rockville (9); Forest Glen (11); Brookmont (15); Four Corners (16); Clarksburg (18); Kensington (19); Darnestown (21); Takoma Park (22); Chevy Chase
What cities are in Montgomery County MD?
Montgomery CountyCitiesThe incorporated cities are Rockville, Gaithersburg, and Takoma Park. Other incorporated municipalities are Barnesville, Brookeville, Chevy Chase, Friendship Heights, Garrett Park, Glen Echo, Kensington, Laytonsville, Poolesville, Somerset, and Washington Grove.