Statistics About The Average Cost Of Living In Maryland

In this post, we will explore the average cost of living in Maryland through a series of statistics that encompass various key expenses residents encounter in their daily lives. From grocery bills and childcare costs to housing expenses and healthcare expenditures, these data points offer insight into the financial landscape of living in the state of Maryland.

Statistic 1

"The average monthly grocery bill in Maryland is $300 per person."

Statistic 2

"Childcare costs in Maryland average around $13,800 per year."

Statistic 3

"The average price of gasoline in Maryland is $0.20 higher than the national average."

Statistic 4

"The average property tax rate in Maryland is approximately 1.08%."

Statistic 5

"Maryland's average sales tax rate is 6%."

Statistic 6

"The average cost of living in Maryland is approximately 9% higher than the national average."

Statistic 7

"Maryland's overall cost of living index is 125.9, with the national average being 100."

Statistic 8

"Transportation costs for Maryland are about 4% higher than the national average."

Statistic 9

"The unemployment rate in Maryland is 6%."

Statistic 10

"The average rent for a one-bedroom apartment in Maryland is about $1,410 per month."

Statistic 11

"The average cost of a gym membership in Maryland is $45 per month."

Statistic 12

"The median home price in Maryland is around $330,000."

Statistic 13

"Dining out in Maryland averages $60 for a three-course meal for two at a mid-range restaurant."

Statistic 14

"The education expenditure per student in Maryland is approximately $14,003 annually."

Statistic 15

"The average cost of an internet plan in Maryland is $60 per month."

Statistic 16

"The average electrical bill in Maryland is about $127 per month."

Statistic 17

"Maryland residents spend an average of $3,800 annually on utilities."

Statistic 18

"The state poverty rate for Maryland is approximately 9%."

Statistic 19

"The average water bill in Maryland is around $42 per month."

Statistic 20

"Healthcare costs in Maryland are approximately 7% higher than the national average."

In conclusion, the data shows that the cost of living in Maryland is notably higher than the national average across multiple key indicators such as groceries, childcare, gasoline prices, property taxes, sales tax, transportation, rent, dining out, utilities, education, internet, electricity, water, and healthcare. Overall, the statistics reveal that Maryland residents face above-average expenses in various aspects of daily life, highlighting the importance of careful financial planning and budgeting for individuals living in the state.