Cost of Living in Stockton, Maryland
Stockton is a Census-designated place in Worcester County, Maryland, with a population of 139. The total cost of housing, food, child care, transportation, health care, taxes, and other necessities for a single adult in Stockton is $36,659 a year — less than the annual cost of living for Maryland of $43,414 and less 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 Stockton and over 29,000 other cities and towns in the US.
Transportation Costs in Stockton, Maryland
Transportation can also be a significant component of cost of living. In Stockton, 100.00% of commuters drive to work, compared to 85.5% of commuters nationwide. An estimated 100.00% of workers commute to jobs outside of Stockton, a larger share than the 43.7% share of commuters nationwide who live and work in different cities. The average commute in Stockton is 25.9 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 Stockton spends $10,436 a year on transportation, more than the national average of $9,760.
Health Care Costs in Stockton, 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 Stockton 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 $3,578 per year, compared to an average of $3,549 across Maryland and $4,266 nationwide.
Child care Costs in Stockton, Maryland
For families with children, child care adds thousands of dollars to overall annual spending. In Stockton, the average annual cost of child care for two children — one 4 year old and one 8 year old — is $14,031, about $2,100 less 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 Stockton, Maryland
In Stockton, a single adult spends an average of $3,532 on food annually, and a family of four spends $10,200 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 Stockton, 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 Stockton, Maryland pays $6,404 annually — relatively little compared to 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, Stockton 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.
Read More About Cost of Living
More TopicsClick here to see detailed analysis about crime in every state
Click here to see updated data about coronavirus in every state