Fort Washington, MD

Very High · 173

Maryland · Population 25,843 · Updated March 2026

$2,724
Median Rent / Month
$145,942
Median Income
$464,300
Median Home Value
$2,528
Owner Costs / Month

Affordability

How far your income goes in Fort Washington

22.4%
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

$32,688
Annual Rent
$8,392
State Income Tax
$4,968
Property Tax (est.)

Cost of Living Overview

Fort Washington has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 173 (where 100 equals the national median), Fort Washington residents can expect to pay median rent of $2,724/month while earning a median household income of $145,942/year.

The median home value in Fort Washington, MD is $464,300, with typical monthly owner costs around $2,528 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.4% 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 Fort Washington.

Frequently Asked Questions

Common questions about living costs in Fort Washington

What is the cost of living in Fort Washington, MD?
The cost of living index in Fort Washington, MD is 173 (US average = 100). Median monthly rent is $2,724, median household income is $145,942/year, and the median home value is $464,300.
Is Fort Washington, MD affordable?
No, Fort Washington is more expensive than the national average with a cost index of 173. The rent-to-income ratio is 22.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fort Washington, MD?
The median gross rent in Fort Washington, MD is $2,724 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $32,688.
What is the median household income in Fort Washington?
The median household income in Fort Washington, MD is $145,942 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%.