La Plata, MD

Above Avg · 121

Maryland · Population 10,470 · Updated March 2026

$1,483
Median Rent / Month
$121,707
Median Income
$405,200
Median Home Value
$1,962
Owner Costs / Month

Affordability

How far your income goes in La Plata

14.6%
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

$17,796
Annual Rent
$6,998
State Income Tax
$4,336
Property Tax (est.)

Cost of Living Overview

La Plata has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 121 (where 100 equals the national median), La Plata residents can expect to pay median rent of $1,483/month while earning a median household income of $121,707/year.

The median home value in La Plata, MD is $405,200, with typical monthly owner costs around $1,962 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.6% 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 La Plata.

Frequently Asked Questions

Common questions about living costs in La Plata

What is the cost of living in La Plata, MD?
The cost of living index in La Plata, MD is 121 (US average = 100). Median monthly rent is $1,483, median household income is $121,707/year, and the median home value is $405,200.
Is La Plata, MD affordable?
No, La Plata is more expensive than the national average with a cost index of 121. The rent-to-income ratio is 14.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in La Plata, MD?
The median gross rent in La Plata, MD is $1,483 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,796.
What is the median household income in La Plata?
The median household income in La Plata, MD is $121,707 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%.