Hampstead, MD, has a higher cost of living compared to the nationwide average. The overall cost of living index in Hampstead is 104, which is 4% higher than the national average of 100. Housing costs in Hampstead are notably higher, with an index of 122, indicating a 22% increase over the national average. This suggests that job seekers should consider these higher expenses when planning their budget in Hampstead.
Hampstead, MD, has a cost of living index that varies across different categories when compared to the nationwide average, which is set at 100. Housing costs in Hampstead are notably higher, standing at 122. This means that housing expenses are 22% higher than the national average. For job seekers considering Hampstead, this could significantly impact their budget if they are planning to rent or buy a home.
Other categories also show some differences. Groceries in Hampstead are priced at 105, which is 5% higher than the national average. Utilities, however, are slightly lower, with an index of 95, meaning they are 5% cheaper. Transportation costs are close to the national average at 101, indicating a minimal difference. Healthcare costs are at 103, which is 3% higher, and miscellaneous items are 2% cheaper at 98. These variations provide a clear picture of what to expect in terms of living expenses in Hampstead.
