Ellicott, MD

Very High · 169

Maryland · Population 73,737 · Updated March 2026

$2,001
Median Rent / Month
$157,891
Median Income
$644,300
Median Home Value
$2,311
Owner Costs / Month

Affordability

How far your income goes in Ellicott

15.2%
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

$24,012
Annual Rent
$9,079
State Income Tax
$6,894
Property Tax (est.)

Cost of Living Overview

Ellicott has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 169 (where 100 equals the national median), Ellicott residents can expect to pay median rent of $2,001/month while earning a median household income of $157,891/year.

The median home value in Ellicott, MD is $644,300, with typical monthly owner costs around $2,311 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.2% 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 Ellicott.

Frequently Asked Questions

Common questions about living costs in Ellicott

What is the cost of living in Ellicott, MD?
The cost of living index in Ellicott, MD is 169 (US average = 100). Median monthly rent is $2,001, median household income is $157,891/year, and the median home value is $644,300.
Is Ellicott, MD affordable?
No, Ellicott is more expensive than the national average with a cost index of 169. The rent-to-income ratio is 15.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ellicott, MD?
The median gross rent in Ellicott, MD is $2,001 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,012.
What is the median household income in Ellicott?
The median household income in Ellicott, MD is $157,891 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%.