Cost of Living in Howard County, MD

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

Median Income

$140,971

Median Rent

$1,920/mo

Median Home

$551,300

Affordability

333

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$2,788
Property Tax$556
Insurance$184

Total Monthly$3,528
% of Income30%

Renting

Median Rent$1,920
Renter's Insurance$25

Total Monthly$1,945
% of Income16.3%

Living in Howard County, Maryland

Howard County has a median household income of $140,971 with housing costs that represent 30% of income for owners and 16.3% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 333 (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.