Aspen Hill, MD

Very High · 150

Maryland · Population 53,752 · Updated March 2026

$1,925
Median Rent / Month
$109,026
Median Income
$538,000
Median Home Value
$2,058
Owner Costs / Month

Affordability

How far your income goes in Aspen Hill

21.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Maryland

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.07%
Property Tax Rate

Estimated Annual Costs

$23,100
Annual Rent
$6,269
State Income Tax
$5,757
Property Tax (est.)

Cost of Living Overview

Aspen Hill has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 150 (where 100 equals the national median), Aspen Hill residents can expect to pay median rent of $1,925/month while earning a median household income of $109,026/year.

The median home value in Aspen Hill, MD is $538,000, with typical monthly owner costs around $2,058 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Maryland has a moderate income tax rate of 5.75%. Combined with a 6.0% sales tax rate and 1.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Aspen Hill.

Frequently Asked Questions

Common questions about living costs in Aspen Hill

What is the cost of living in Aspen Hill, MD?
The cost of living index in Aspen Hill, MD is 150 (US average = 100). Median monthly rent is $1,925, median household income is $109,026/year, and the median home value is $538,000.
Is Aspen Hill, MD affordable?
No, Aspen Hill is more expensive than the national average with a cost index of 150. The rent-to-income ratio is 21.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Aspen Hill, MD?
The median gross rent in Aspen Hill, MD is $1,925 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,100.
What is the median household income in Aspen Hill?
The median household income in Aspen Hill, MD is $109,026 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Maryland?
Maryland has a top income tax rate of 5.75%, a sales tax of 6.0%, and an effective property tax rate of 1.07%.