Crofton, MD

Very High · 157

Maryland · Population 29,878 · Updated March 2026

$2,193
Median Rent / Month
$147,250
Median Income
$507,000
Median Home Value
$2,206
Owner Costs / Month

Affordability

How far your income goes in Crofton

17.9%
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

$26,316
Annual Rent
$8,467
State Income Tax
$5,425
Property Tax (est.)

Cost of Living Overview

Crofton has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 157 (where 100 equals the national median), Crofton residents can expect to pay median rent of $2,193/month while earning a median household income of $147,250/year.

The median home value in Crofton, MD is $507,000, with typical monthly owner costs around $2,206 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.9% 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 Crofton.

Frequently Asked Questions

Common questions about living costs in Crofton

What is the cost of living in Crofton, MD?
The cost of living index in Crofton, MD is 157 (US average = 100). Median monthly rent is $2,193, median household income is $147,250/year, and the median home value is $507,000.
Is Crofton, MD affordable?
No, Crofton is more expensive than the national average with a cost index of 157. The rent-to-income ratio is 17.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Crofton, MD?
The median gross rent in Crofton, MD is $2,193 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,316.
What is the median household income in Crofton?
The median household income in Crofton, MD is $147,250 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%.