Hagerstown, MD

Very Low · 72

Maryland · Population 43,490 · Updated March 2026

$1,041
Median Rent / Month
$49,957
Median Income
$207,700
Median Home Value
$1,088
Owner Costs / Month

Affordability

How far your income goes in Hagerstown

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

$12,492
Annual Rent
$2,873
State Income Tax
$2,222
Property Tax (est.)

Cost of Living Overview

Hagerstown is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 72 (where 100 equals the national median), Hagerstown residents can expect to pay median rent of $1,041/month while earning a median household income of $49,957/year.

The median home value in Hagerstown, MD is $207,700, with typical monthly owner costs around $1,088 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.0%, Hagerstown 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 Hagerstown.

Frequently Asked Questions

Common questions about living costs in Hagerstown

What is the cost of living in Hagerstown, MD?
The cost of living index in Hagerstown, MD is 72 (US average = 100). Median monthly rent is $1,041, median household income is $49,957/year, and the median home value is $207,700.
Is Hagerstown, MD affordable?
Yes, Hagerstown is more affordable than the national average with a cost index of 72. The rent-to-income ratio is 25.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hagerstown, MD?
The median gross rent in Hagerstown, MD is $1,041 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,492.
What is the median household income in Hagerstown?
The median household income in Hagerstown, MD is $49,957 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%.