Fairland, MD

Very High · 135

Maryland · Population 26,183 · Updated March 2026

$1,851
Median Rent / Month
$87,924
Median Income
$440,800
Median Home Value
$1,906
Owner Costs / Month

Affordability

How far your income goes in Fairland

25.3%
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

$22,212
Annual Rent
$5,056
State Income Tax
$4,717
Property Tax (est.)

Cost of Living Overview

Fairland has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 135 (where 100 equals the national median), Fairland residents can expect to pay median rent of $1,851/month while earning a median household income of $87,924/year.

The median home value in Fairland, MD is $440,800, with typical monthly owner costs around $1,906 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.3%, Fairland 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 Fairland.

Frequently Asked Questions

Common questions about living costs in Fairland

What is the cost of living in Fairland, MD?
The cost of living index in Fairland, MD is 135 (US average = 100). Median monthly rent is $1,851, median household income is $87,924/year, and the median home value is $440,800.
Is Fairland, MD affordable?
No, Fairland is more expensive than the national average with a cost index of 135. The rent-to-income ratio is 25.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fairland, MD?
The median gross rent in Fairland, MD is $1,851 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,212.
What is the median household income in Fairland?
The median household income in Fairland, MD is $87,924 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%.