Maryland Cost of Living Calculator
Compare Maryland cost of living (index: 115.4). Calculate equivalent salary needed when moving to or from Maryland.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Maryland's cost of living index is 115.4 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Maryland cost of living index: 115.4. Maryland is significantly more expensive than the national average. Higher housing, transportation, and food costs drive this. Median household income: $90,203. Median 2BR rent: $1550/month.
Frequently Asked Questions
What is the cost of living in Maryland?
Maryland's cost of living index is 115.4, where 100 is the national average. This means living in Maryland costs about 15% more than the national average.
Is Maryland expensive to live in?
Maryland has a moderate cost of living, close to the national average. Median home price: $395,000.
How much do I need to earn in Maryland to live comfortably?
Based on a cost of living index of 115.4 and the 50-30-20 budgeting rule, a comfortable salary in Maryland would be approximately $71,548/year for a single person renting a 2BR apartment.
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