Bel Air, MD

Average · 102

Maryland · Population 10,616 · Updated March 2026

$1,526
Median Rent / Month
$69,912
Median Income
$297,400
Median Home Value
$1,471
Owner Costs / Month

Affordability

How far your income goes in Bel Air

26.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$18,312
Annual Rent
$4,020
State Income Tax
$3,182
Property Tax (est.)

Cost of Living Overview

Bel Air has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Bel Air residents can expect to pay median rent of $1,526/month while earning a median household income of $69,912/year.

The median home value in Bel Air, MD is $297,400, with typical monthly owner costs around $1,471 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.2%, Bel Air falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Bel Air.

Frequently Asked Questions

Common questions about living costs in Bel Air

What is the cost of living in Bel Air, MD?
The cost of living index in Bel Air, MD is 102 (US average = 100). Median monthly rent is $1,526, median household income is $69,912/year, and the median home value is $297,400.
Is Bel Air, MD affordable?
No, Bel Air is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 26.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bel Air, MD?
The median gross rent in Bel Air, MD is $1,526 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,312.
What is the median household income in Bel Air?
The median household income in Bel Air, MD is $69,912 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%.