Cost Of Living in Perryville, MD

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C-

9%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

20%

Housing NAT. AVG.

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	Perryville	Maryland	National
Cost of living	109	119	100
Goods & Services	106	106	100
Groceries	106	106	100
Health care	107	97	100
Housing	120	150	100
Transportation	108	98	100
Utilities	92	111	100

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Cost Of Living Quick Facts

The cost of living in Perryville is 8% lower than the Maryland average
The cost of living in Perryville is 9% higher than the national average
Perryville housing is 20% higher than the national average
Maryland general sales tax is 18% higher than the national average
Maryland state income tax is 23% lower than the national average

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$101,473	$8,456	$2,368	$3,044
Renters	$25,875	$2,156	$604	$776

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Perryville, MD, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Perryville, homeowners have a median income of $101,473. Using that number, a maximum of $2,368 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $25,875, which means there is a maximum of $604 to be spent on the costs of renting a home or apartment.

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	Perryville	National avg.	Difference
Haircut	$30.14	$24.26	24.2%
Beauty Salon	$47.42	$45.56	4.1%
Toothpaste	$3.61	$3.70	2.4%
Shampoo	$1.41	$1.28	10.4%
Movie	$12.71	$12.13	4.7%
Bowling	$19.50	$18.00	8.3%

Groceries

Item	Perryville	National avg.	Difference
Ground Beef	$5.73	$5.84	1.9%
Fried Chicken	$1.52	$1.57	3.6%
Milk	$4.81	$4.67	3.0%
Potatoes	$5.40	$4.93	9.5%
Pizza	$11.33	$12.09	6.2%
Beer	$11.96	$10.41	14.8%

Health Care

Item	Perryville	National avg.	Difference
Optometrist	$113.67	$125.68	9.6%
Doctor	$149.53	$135.78	10.1%
Dentist	$132.28	$113.29	16.8%
Ibuprofen	$10.94	$10.65	2.7%
Lipitor	$438.67	$468.60	6.4%

Housing

Item	Perryville	National avg.	Difference
Home Price	$240,300.00	$184,700.00	30.1%
Avg. Mortgage Payment	$2,192.51	$2,346.69	6.6%
Apartment Rent	$903.00	$949.00	4.8%

Transportation

Item	Perryville	National avg.	Difference
Gasoline	$3.50	$3.46	1.0%
Tire Balancing	$74.86	$59.92	24.9%

Utilities

Item	Perryville	National avg.	Difference
All Electricity	$173.73	$193.99	10.4%
Phone	$182.79	$192.25	4.9%

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.
Bel Air CDP, MD	1,383	98	2.3%
Delta, PA	513	101	0.6%
Port Deposit, MD	624	104	3.5%
Cecilton, MD	901	102	1.9%
Perryman, MD	2,397	104	3.7%
Perryville, MD	4,424	109	8.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Windom, MN	4,423	88	12.3%
Fruit Hill, OH	4,426	101	1.4%
Spurgeon, TN	4,426	91	9.4%
Hearne, TX	4,421	83	17.3%
Indian Mountain Lake, PA	4,427	102	1.6%
Perryville, MD	4,424	109	8.9%