Carney, MD

Above Avg · 112

Maryland · Population 28,624 · Updated March 2026

$1,786
Median Rent / Month
$84,619
Median Income
$299,200
Median Home Value
$1,631
Owner Costs / Month

Affordability

How far your income goes in Carney

25.3%
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

$21,432
Annual Rent
$4,866
State Income Tax
$3,201
Property Tax (est.)

Cost of Living Overview

Carney is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Carney residents can expect to pay median rent of $1,786/month while earning a median household income of $84,619/year.

The median home value in Carney, MD is $299,200, with typical monthly owner costs around $1,631 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.3%, Carney 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 Carney.

Frequently Asked Questions

Common questions about living costs in Carney

What is the cost of living in Carney, MD?
The cost of living index in Carney, MD is 112 (US average = 100). Median monthly rent is $1,786, median household income is $84,619/year, and the median home value is $299,200.
Is Carney, MD affordable?
No, Carney is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 25.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Carney, MD?
The median gross rent in Carney, MD is $1,786 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,432.
What is the median household income in Carney?
The median household income in Carney, MD is $84,619 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%.