Catonsville, MD

Above Avg · 123

Maryland · Population 42,717 · Updated March 2026

$1,697
Median Rent / Month
$110,051
Median Income
$405,800
Median Home Value
$1,702
Owner Costs / Month

Affordability

How far your income goes in Catonsville

18.5%
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

$20,364
Annual Rent
$6,328
State Income Tax
$4,342
Property Tax (est.)

Cost of Living Overview

Catonsville has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 123 (where 100 equals the national median), Catonsville residents can expect to pay median rent of $1,697/month while earning a median household income of $110,051/year.

The median home value in Catonsville, MD is $405,800, with typical monthly owner costs around $1,702 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.5% 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 Catonsville.

Frequently Asked Questions

Common questions about living costs in Catonsville

What is the cost of living in Catonsville, MD?
The cost of living index in Catonsville, MD is 123 (US average = 100). Median monthly rent is $1,697, median household income is $110,051/year, and the median home value is $405,800.
Is Catonsville, MD affordable?
No, Catonsville is more expensive than the national average with a cost index of 123. The rent-to-income ratio is 18.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Catonsville, MD?
The median gross rent in Catonsville, MD is $1,697 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,364.
What is the median household income in Catonsville?
The median household income in Catonsville, MD is $110,051 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%.