Largo, MD

Very High · 139

Maryland · Population 11,753 · Updated March 2026

$2,138
Median Rent / Month
$106,875
Median Income
$362,200
Median Home Value
$2,199
Owner Costs / Month

Affordability

How far your income goes in Largo

24.0%
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

$25,656
Annual Rent
$6,145
State Income Tax
$3,876
Property Tax (est.)

Cost of Living Overview

Largo has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 139 (where 100 equals the national median), Largo residents can expect to pay median rent of $2,138/month while earning a median household income of $106,875/year.

The median home value in Largo, MD is $362,200, with typical monthly owner costs around $2,199 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.0% 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 Largo.

Frequently Asked Questions

Common questions about living costs in Largo

What is the cost of living in Largo, MD?
The cost of living index in Largo, MD is 139 (US average = 100). Median monthly rent is $2,138, median household income is $106,875/year, and the median home value is $362,200.
Is Largo, MD affordable?
No, Largo is more expensive than the national average with a cost index of 139. The rent-to-income ratio is 24.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Largo, MD?
The median gross rent in Largo, MD is $2,138 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,656.
What is the median household income in Largo?
The median household income in Largo, MD is $106,875 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%.