Garrison, MD

Above Avg · 123

Maryland · Population 10,449 · Updated March 2026

$2,019
Median Rent / Month
$96,916
Median Income
$297,600
Median Home Value
$1,841
Owner Costs / Month

Affordability

How far your income goes in Garrison

25.0%
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

$24,228
Annual Rent
$5,573
State Income Tax
$3,184
Property Tax (est.)

Cost of Living Overview

Garrison has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 123 (where 100 equals the national median), Garrison residents can expect to pay median rent of $2,019/month while earning a median household income of $96,916/year.

The median home value in Garrison, MD is $297,600, with typical monthly owner costs around $1,841 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.0%, Garrison 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 Garrison.

Frequently Asked Questions

Common questions about living costs in Garrison

What is the cost of living in Garrison, MD?
The cost of living index in Garrison, MD is 123 (US average = 100). Median monthly rent is $2,019, median household income is $96,916/year, and the median home value is $297,600.
Is Garrison, MD affordable?
No, Garrison is more expensive than the national average with a cost index of 123. The rent-to-income ratio is 25.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Garrison, MD?
The median gross rent in Garrison, MD is $2,019 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,228.
What is the median household income in Garrison?
The median household income in Garrison, MD is $96,916 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%.