Cost of Living in Talbot County, MD

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

Median Income

$81,667

Median Rent

$1,204/mo

Median Home

$382,000

Affordability

300

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,932
Property Tax$213
Insurance$127

Total Monthly$2,272
% of Income33.4%

Renting

Median Rent$1,204
Renter's Insurance$25

Total Monthly$1,229
% of Income17.7%

Living in Talbot County, Maryland

Talbot County has a median household income of $81,667 with housing costs that represent 33.4% of income for owners and 17.7% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 300 (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.