Ilchester, MD

Very High · 149

Maryland · Population 27,552 · Updated March 2026

$1,963
Median Rent / Month
$150,783
Median Income
$498,500
Median Home Value
$2,193
Owner Costs / Month

Affordability

How far your income goes in Ilchester

15.6%
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

$23,556
Annual Rent
$8,670
State Income Tax
$5,334
Property Tax (est.)

Cost of Living Overview

Ilchester has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 149 (where 100 equals the national median), Ilchester residents can expect to pay median rent of $1,963/month while earning a median household income of $150,783/year.

The median home value in Ilchester, MD is $498,500, with typical monthly owner costs around $2,193 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.6% 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 Ilchester.

Frequently Asked Questions

Common questions about living costs in Ilchester

What is the cost of living in Ilchester, MD?
The cost of living index in Ilchester, MD is 149 (US average = 100). Median monthly rent is $1,963, median household income is $150,783/year, and the median home value is $498,500.
Is Ilchester, MD affordable?
No, Ilchester is more expensive than the national average with a cost index of 149. The rent-to-income ratio is 15.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ilchester, MD?
The median gross rent in Ilchester, MD is $1,963 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,556.
What is the median household income in Ilchester?
The median household income in Ilchester, MD is $150,783 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%.