Dundalk, MD

Below Avg · 84

Maryland · Population 65,441 · Updated March 2026

$1,412
Median Rent / Month
$62,349
Median Income
$199,600
Median Home Value
$1,240
Owner Costs / Month

Affordability

How far your income goes in Dundalk

27.2%
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

$16,944
Annual Rent
$3,585
State Income Tax
$2,136
Property Tax (est.)

Cost of Living Overview

Dundalk is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 84 (where 100 equals the national median), Dundalk residents can expect to pay median rent of $1,412/month while earning a median household income of $62,349/year.

The median home value in Dundalk, MD is $199,600, with typical monthly owner costs around $1,240 including mortgage, insurance, and taxes. With a rent-to-income ratio of 27.2%, Dundalk 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 Dundalk.

Frequently Asked Questions

Common questions about living costs in Dundalk

What is the cost of living in Dundalk, MD?
The cost of living index in Dundalk, MD is 84 (US average = 100). Median monthly rent is $1,412, median household income is $62,349/year, and the median home value is $199,600.
Is Dundalk, MD affordable?
Yes, Dundalk is more affordable than the national average with a cost index of 84. The rent-to-income ratio is 27.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Dundalk, MD?
The median gross rent in Dundalk, MD is $1,412 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,944.
What is the median household income in Dundalk?
The median household income in Dundalk, MD is $62,349 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%.