Frederick, MD

Above Avg · 119

Maryland · Population 80,617 · Updated March 2026

$1,688
Median Rent / Month
$95,150
Median Income
$365,200
Median Home Value
$1,770
Owner Costs / Month

Affordability

How far your income goes in Frederick

21.3%
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

$20,256
Annual Rent
$5,471
State Income Tax
$3,908
Property Tax (est.)

Cost of Living Overview

Frederick is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 119 (where 100 equals the national median), Frederick residents can expect to pay median rent of $1,688/month while earning a median household income of $95,150/year.

The median home value in Frederick, MD is $365,200, with typical monthly owner costs around $1,770 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% 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 Frederick.

Frequently Asked Questions

Common questions about living costs in Frederick

What is the cost of living in Frederick, MD?
The cost of living index in Frederick, MD is 119 (US average = 100). Median monthly rent is $1,688, median household income is $95,150/year, and the median home value is $365,200.
Is Frederick, MD affordable?
No, Frederick is more expensive than the national average with a cost index of 119. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Frederick, MD?
The median gross rent in Frederick, MD is $1,688 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,256.
What is the median household income in Frederick?
The median household income in Frederick, MD is $95,150 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%.