The 10 Most Expensive Places To Live In Maryland For 2021


We used science and data to determine which cities in Maryland that will put a big dent in your wallet.

Editor’s Note: We updated this article for 2021. This is our seventh time ranking the most expensive places to live in Maryland.

Everyone wants a home that mixes affordability with comfort and Maryland does this very well. Families love the Old Line State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Maryland that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Maryland for 2021.

So where is the most expensive place to live in Maryland? That would be Mount Rainier.
the 2015-2019 American Community Survey for the 41 places in Maryland with more than 5,000 people.

Here are the 10 most expensive places to live in Maryland for 2021:

  1. Mount Rainier
  2. College Park
  3. Bladensburg
  4. Gaithersburg
  5. Rockville
  6. Annapolis
  7. Ocean City
  8. Takoma Park
  9. New Carrollton
  10. Hyattsville

What's the most expensive place to live in Maryland? Well, HomeSnacks crunched the numbers and discovered that Mount Rainier is the most expensive place to live in Maryland.

So hopefully Brunswick (the cheapest place to live in Maryland) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Maryland and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Maryland For 2021

1. Mount RainierMount Rainier, MD

Overall SnackAbility

7
/10

Population: 8,107
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 6.4x (2nd most expensive)
Income To Rent Ratio: 44.8x (6th most expensive)
More on Mount Rainier: Real Estate | Data | Photos

The median income in Mount Rainier comes in at $55,768 and the median home value is $354,400 for 2021.

2. College ParkCollege Park, MD

Overall SnackAbility

7.5
/10

Population: 32,159
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 5.0x (7th most expensive)
Income To Rent Ratio: 43.6x (3rd most expensive)
More on College Park: Real Estate | Data | Photos

The median income in College Park comes in at $66,679 and the median home value is $330,300 for 2021.

3. BladensburgBladensburg, MD

Source: Public domain
Overall SnackAbility

6
/10

Population: 9,402
Rank Last Year: 6 (Up 2)
Home Price To Income Ratio: 5.7x (3rd most expensive)
Income To Rent Ratio: 33.1x (most expensive)
More on Bladensburg: Real Estate | Data | Photos

The median income in Bladensburg comes in at $44,905 and the median home value is $255,100 for 2021.

4. GaithersburgGaithersburg, MD

Source: Public domain
Overall SnackAbility

7
/10

Population: 67,742
Rank Last Year: 3 (Down 1)
Home Price To Income Ratio: 4.4x (10th most expensive)
Income To Rent Ratio: 51.6x (12th most expensive)
More on Gaithersburg: Real Estate | Data | Photos

The median income in Gaithersburg comes in at $89,763 and the median home value is $392,200 for 2021.

5. RockvilleRockville, MD

Overall SnackAbility

7.5
/10

Population: 67,542
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 5.1x (6th most expensive)
Income To Rent Ratio: 55.5x (19th most expensive)
More on Rockville: Real Estate | Data | Photos

The median income in Rockville comes in at $106,576 and the median home value is $540,000 for 2021.

6. AnnapolisAnnapolis, MD

Overall SnackAbility

8
/10

Population: 39,278
Rank Last Year: 5 (Down 1)
Home Price To Income Ratio: 4.9x (8th most expensive)
Income To Rent Ratio: 54.1x (16th most expensive)
More on Annapolis: Real Estate | Data | Photos

The median income in Annapolis comes in at $85,636 and the median home value is $420,500 for 2021.

7. Ocean CityOcean City, MD

Overall SnackAbility

6
/10

Population: 6,972
Rank Last Year: 8 (Up 1)
Home Price To Income Ratio: 5.5x (4th most expensive)
Income To Rent Ratio: 51.9x (13th most expensive)
More on Ocean City: Real Estate | Data | Photos

The median income in Ocean City comes in at $54,014 and the median home value is $298,500 for 2021.

8. Takoma ParkTakoma Park, MD

Overall SnackAbility

8.5
/10

Population: 17,672
Rank Last Year: 8 (No Change)
Home Price To Income Ratio: 6.9x (most expensive)
Income To Rent Ratio: 74.0x (35th most expensive)
More on Takoma Park: Real Estate | Data | Photos

The median income in Takoma Park comes in at $84,591 and the median home value is $583,800 for 2021.

9. New CarrolltonNew Carrollton, MD

Overall SnackAbility

8
/10

Population: 12,935
Rank Last Year: 12 (Up 3)
Home Price To Income Ratio: 4.0x (13th most expensive)
Income To Rent Ratio: 47.3x (8th most expensive)
More on New Carrollton: Real Estate | Data | Photos

The median income in New Carrollton comes in at $66,991 and the median home value is $271,100 for 2021.

10. HyattsvilleHyattsville, MD

Source: Public domain
Overall SnackAbility

8
/10

Population: 18,242
Rank Last Year: 11 (Up 1)
Home Price To Income Ratio: 4.1x (12th most expensive)
Income To Rent Ratio: 57.0x (23rd most expensive)
More on Hyattsville: Real Estate | Data | Photos

The median income in Hyattsville comes in at $81,736 and the median home value is $336,300 for 2021.

How We Determined The Most Expensive Places To Live In The Old Line State For 2021

Map Of The Cheapest Places To Live In Maryland
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Maryland to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 41 places in Maryland that have more than 5,000 people.

The place with the highest cost of living in Maryland according to the data is Mount Rainier. You can download the data here.

Taking A Chunk Out Of Your Paycheck In Maryland For 2021

Well there you have it, the places in Maryland that have the highest cost of living, with Mount Rainier ranking as the most expensive city in the Old Line State.

Here's a look at the most affordable cities in Maryland according to the data:

  1. Brunswick
  2. Cumberland
  3. Hampstead

For more Maryland reading, check out:

Detailed List Of The Most Expensive Cities In Maryland

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Mount Rainier 5.0 8,107 6.4x 44.8x
2 College Park 7.33 32,159 5.0x 43.6x
3 Bladensburg 9.0 9,402 5.7x 33.1x
4 Gaithersburg 9.0 67,742 4.4x 51.6x
5 Rockville 9.0 67,542 5.1x 55.5x
6 Annapolis 9.33 39,278 4.9x 54.1x
7 Ocean City 10.67 6,972 5.5x 51.9x
8 Takoma Park 12.33 17,672 6.9x 74.0x
9 New Carrollton 13.67 12,935 4.0x 47.3x
10 Hyattsville 15.33 18,242 4.1x 57.0x
11 Easton 16.0 16,591 4.5x 56.3x
12 Riverdale Park 18.0 7,198 4.1x 64.7x
13 Laurel 18.67 25,767 3.4x 50.0x
14 Cheste 18.83 5,088 5.1x 56.7x
15 Salisbury 19.0 32,693 3.8x 39.6x
16 Westminster 19.5 18,552 4.0x 53.3x
17 Frederick 19.67 70,887 3.6x 54.5x
18 La Plata 20.0 9,376 3.8x 66.3x
19 Chesapeake Beach 21.0 5,960 3.2x 61.4x
20 Hagerstown 21.0 40,152 3.8x 49.0x
21 Cheverly 21.33 6,435 3.6x 74.3x
22 Cambridge 21.67 12,375 3.8x 50.4x
23 Elkton 23.33 15,644 3.5x 52.8x
24 Greenbelt 23.33 23,219 3.2x 44.6x
25 Bowie 23.67 58,481 3.0x 60.0x
26 Bel Air 23.67 10,071 3.5x 55.8x
27 Havre De Grace 24.33 13,652 3.7x 77.5x
28 Baltimore 25.33 609,032 3.2x 47.0x
29 Fruitland 25.67 5,244 3.0x 44.2x
30 District Heights 26.0 6,000 3.3x 61.9x
31 Glenarden 26.33 6,140 3.2x 65.7x
32 Mount Airy 27.0 9,397 3.0x 79.3x
33 Poolesville 27.33 5,191 2.6x 86.9x
34 Taneytown 27.67 6,787 3.4x 71.6x
35 Walkersville 28.0 6,179 3.1x 69.2x
36 Aberdeen 30.0 15,848 3.2x 62.2x
37 Frostburg 30.33 8,591 3.3x 57.3x
38 Thurmont 30.67 6,638 3.2x 68.9x
39 Hampstead 32.67 6,362 3.2x 89.0x
40 Cumberland 33.33 19,650 2.6x 54.6x
41 Brunswick 37.0 6,258 2.9x 90.2x

How Is The Area In ?

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About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.