Ferndale, MD

Above Avg · 114

Maryland · Population 17,076 · Updated March 2026

$1,708
Median Rent / Month
$92,391
Median Income
$325,400
Median Home Value
$1,698
Owner Costs / Month

Affordability

How far your income goes in Ferndale

22.2%
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

$20,496
Annual Rent
$5,312
State Income Tax
$3,482
Property Tax (est.)

Cost of Living Overview

Ferndale is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 114 (where 100 equals the national median), Ferndale residents can expect to pay median rent of $1,708/month while earning a median household income of $92,391/year.

The median home value in Ferndale, MD is $325,400, with typical monthly owner costs around $1,698 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% 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 Ferndale.

Frequently Asked Questions

Common questions about living costs in Ferndale

What is the cost of living in Ferndale, MD?
The cost of living index in Ferndale, MD is 114 (US average = 100). Median monthly rent is $1,708, median household income is $92,391/year, and the median home value is $325,400.
Is Ferndale, MD affordable?
No, Ferndale is more expensive than the national average with a cost index of 114. The rent-to-income ratio is 22.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ferndale, MD?
The median gross rent in Ferndale, MD is $1,708 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,496.
What is the median household income in Ferndale?
The median household income in Ferndale, MD is $92,391 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%.