Cloverly, MD

Very High · 174

Maryland · Population 16,726 · Updated March 2026

$2,031
Median Rent / Month
$146,316
Median Income
$652,200
Median Home Value
$2,547
Owner Costs / Month

Affordability

How far your income goes in Cloverly

16.7%
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

$24,372
Annual Rent
$8,413
State Income Tax
$6,979
Property Tax (est.)

Cost of Living Overview

Cloverly has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 174 (where 100 equals the national median), Cloverly residents can expect to pay median rent of $2,031/month while earning a median household income of $146,316/year.

The median home value in Cloverly, MD is $652,200, with typical monthly owner costs around $2,547 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.7% 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 Cloverly.

Frequently Asked Questions

Common questions about living costs in Cloverly

What is the cost of living in Cloverly, MD?
The cost of living index in Cloverly, MD is 174 (US average = 100). Median monthly rent is $2,031, median household income is $146,316/year, and the median home value is $652,200.
Is Cloverly, MD affordable?
No, Cloverly is more expensive than the national average with a cost index of 174. The rent-to-income ratio is 16.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cloverly, MD?
The median gross rent in Cloverly, MD is $2,031 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,372.
What is the median household income in Cloverly?
The median household income in Cloverly, MD is $146,316 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%.