Lake Arbor, MD

Very High · 158

Maryland · Population 14,932 · Updated March 2026

$2,293
Median Rent / Month
$128,616
Median Income
$457,800
Median Home Value
$2,412
Owner Costs / Month

Affordability

How far your income goes in Lake Arbor

21.4%
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

$27,516
Annual Rent
$7,395
State Income Tax
$4,898
Property Tax (est.)

Cost of Living Overview

Lake Arbor has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 158 (where 100 equals the national median), Lake Arbor residents can expect to pay median rent of $2,293/month while earning a median household income of $128,616/year.

The median home value in Lake Arbor, MD is $457,800, with typical monthly owner costs around $2,412 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.4% 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 Lake Arbor.

Frequently Asked Questions

Common questions about living costs in Lake Arbor

What is the cost of living in Lake Arbor, MD?
The cost of living index in Lake Arbor, MD is 158 (US average = 100). Median monthly rent is $2,293, median household income is $128,616/year, and the median home value is $457,800.
Is Lake Arbor, MD affordable?
No, Lake Arbor is more expensive than the national average with a cost index of 158. The rent-to-income ratio is 21.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lake Arbor, MD?
The median gross rent in Lake Arbor, MD is $2,293 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $27,516.
What is the median household income in Lake Arbor?
The median household income in Lake Arbor, MD is $128,616 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%.