Lanham, MD

Very High · 142

Maryland · Population 11,956 · Updated March 2026

$2,132
Median Rent / Month
$95,488
Median Income
$413,800
Median Home Value
$2,036
Owner Costs / Month

Affordability

How far your income goes in Lanham

26.8%
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

$25,584
Annual Rent
$5,491
State Income Tax
$4,428
Property Tax (est.)

Cost of Living Overview

Lanham has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 142 (where 100 equals the national median), Lanham residents can expect to pay median rent of $2,132/month while earning a median household income of $95,488/year.

The median home value in Lanham, MD is $413,800, with typical monthly owner costs around $2,036 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.8%, Lanham 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 Lanham.

Frequently Asked Questions

Common questions about living costs in Lanham

What is the cost of living in Lanham, MD?
The cost of living index in Lanham, MD is 142 (US average = 100). Median monthly rent is $2,132, median household income is $95,488/year, and the median home value is $413,800.
Is Lanham, MD affordable?
No, Lanham is more expensive than the national average with a cost index of 142. The rent-to-income ratio is 26.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lanham, MD?
The median gross rent in Lanham, MD is $2,132 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,584.
What is the median household income in Lanham?
The median household income in Lanham, MD is $95,488 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%.