Damascus, MD

Very High · 137

Maryland · Population 16,864 · Updated March 2026

$1,665
Median Rent / Month
$153,994
Median Income
$496,500
Median Home Value
$2,007
Owner Costs / Month

Affordability

How far your income goes in Damascus

13.0%
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

$19,980
Annual Rent
$8,855
State Income Tax
$5,313
Property Tax (est.)

Cost of Living Overview

Damascus has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), Damascus residents can expect to pay median rent of $1,665/month while earning a median household income of $153,994/year.

The median home value in Damascus, MD is $496,500, with typical monthly owner costs around $2,007 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.0% 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 Damascus.

Frequently Asked Questions

Common questions about living costs in Damascus

What is the cost of living in Damascus, MD?
The cost of living index in Damascus, MD is 137 (US average = 100). Median monthly rent is $1,665, median household income is $153,994/year, and the median home value is $496,500.
Is Damascus, MD affordable?
No, Damascus is more expensive than the national average with a cost index of 137. The rent-to-income ratio is 13.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Damascus, MD?
The median gross rent in Damascus, MD is $1,665 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,980.
What is the median household income in Damascus?
The median household income in Damascus, MD is $153,994 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%.