Lake Shore, MD

Very High · 138

Maryland · Population 18,263 · Updated March 2026

$1,793
Median Rent / Month
$127,453
Median Income
$471,500
Median Home Value
$1,996
Owner Costs / Month

Affordability

How far your income goes in Lake Shore

16.9%
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

$21,516
Annual Rent
$7,329
State Income Tax
$5,045
Property Tax (est.)

Cost of Living Overview

Lake Shore has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 138 (where 100 equals the national median), Lake Shore residents can expect to pay median rent of $1,793/month while earning a median household income of $127,453/year.

The median home value in Lake Shore, MD is $471,500, with typical monthly owner costs around $1,996 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.9% 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 Shore.

Frequently Asked Questions

Common questions about living costs in Lake Shore

What is the cost of living in Lake Shore, MD?
The cost of living index in Lake Shore, MD is 138 (US average = 100). Median monthly rent is $1,793, median household income is $127,453/year, and the median home value is $471,500.
Is Lake Shore, MD affordable?
No, Lake Shore is more expensive than the national average with a cost index of 138. The rent-to-income ratio is 16.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lake Shore, MD?
The median gross rent in Lake Shore, MD is $1,793 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,516.
What is the median household income in Lake Shore?
The median household income in Lake Shore, MD is $127,453 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%.