Cost of Living in Allegany County, MD

What does it cost to live in Allegany County? Income, housing, and affordability breakdown.

Median Income

$55,248

Median Rent

$743/mo

Median Home

$143,300

Affordability

508

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$725
Property Tax$134
Insurance$48

Total Monthly$907
% of Income19.7%

Renting

Median Rent$743
Renter's Insurance$25

Total Monthly$768
% of Income16.1%

Living in Allegany County, Maryland

Allegany County has a median household income of $55,248 with housing costs that represent 19.7% of income for owners and 16.1% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 508 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Maryland

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.