Cost of Living in Eagle Harbor, Maryland

Published: September 17, 2020 6:12 pm

Cost of Living in Eagle Harbor, Maryland

Eagle Harbor is a town in Prince George's County, Maryland, with a population of 32. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Eagle Harbor is $45,479 a year — greater than the annual cost of living for Maryland of $43,414 and greater than the national figure of $38,433.

Using cost of living data from the nonprofift think tank Economic Policy Institute, 24/7 Wall St. estimated the cost of living in Eagle Harbor and over 29,000 other cities and towns in the US.

Housing Costs in Eagle Harbor, Maryland

Housing is one of the largest components of cost of living. In Eagle Harbor, the median home value is $216,700, greater than the national median home value of $204,900.

Renting is a sometimes lower cost alternative to homeownership. In Eagle Harbor, some 23.10% of occupied homes are rented, less than the 36.2% national renter rate. The typical renter in Eagle Harbor spends $950 a month on housing, less than the $1,023 national median monthly rent.

Transportation Costs in Eagle Harbor, Maryland

Transportation can also be a significant component of cost of living. In Eagle Harbor, 90.00% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 40.00% of workers commute to jobs outside of Eagle Harbor, a smaller share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Eagle Harbor is N minutes long, compared to the 26.6-minute average commute nationwide. Taking into account the cost of gas, as well as public transit and car maintenance, the EPI estimates that a single person in Eagle Harbor spends $8,826 a year on transportation, less than the national average of $9,760.

Health Care Costs in Eagle Harbor, Maryland

Out-of-pocket health care costs and insurance premiums — assuming at least a basic level of health insurance coverage — are far lower than they are on average nationwide in Eagle Harbor but in line with what they are across Maryland as a whole.

For a single adult living in the area, average health care costs come out to $3,508 per year, compared to an average of $3,549 across Maryland and $4,266 nationwide.

Child care Costs in Eagle Harbor, Maryland

For families with children, child care adds thousands of dollars to overall annual spending. In Eagle Harbor, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $16,400, about $200 more than the comparable average of $16,167 across all of Maryland. Meanwhile, across the U.S. as a whole, childcare expenses for two children averages $15,853 per year.

Food Costs in Eagle Harbor, Maryland

Food is another every day expense that has a significant impact on overall cost of living. Data from the U.S. Department of Agriculture shows that the cost of food varies from city to city and town to town.

In Eagle Harbor, a single adult spends an average of $3,133 on food annually, and a family of four spends $9,046 on average. For context, average annual food expenditure across Maryland and the U.S., respectively, are $3,342 and $3,240 for a single adult, and $9,652 and $9,354 for a family of four. These estimates are calculated for a nutritionally adequate diet of food purchased at a grocery store for at-home preparation.

Taxes in Eagle Harbor, Maryland

Few expenses vary as much from city to city and town to town as taxes. Accounting for state and federal income taxes, as well as Social Security contributions and Medicare payroll taxes, the average adult working in Eagle Harbor, Maryland pays $8,330 annually — closely in line with the statewide average of $7,992.

It is important to note that these calculations do not include other common taxes such as property, sales, and excise taxes. Accounting for these taxes, while excluding taxes levied at the federal level, Eagle Harbor residents live in a state with a high average tax burden. Per capita state tax collections in Maryland total $3,711 per year, compared to the $3,151 average across all states.

Methodology

To estimate the cost of housing, food, transportation, health care, child care, taxes, and other necessities, 24/7 Wall St. assigned county-level Economic Policy Institute data to cities, towns, villages and Census-designated places based on boundary definitions from the U.S. Census Bureau. For places that span multiple counties, data was aggregated based on the percentage of boundary overlap.

Cost of Living in Eagle Harbor, Maryland