Lexington Park, MD

Above Avg · 112

Maryland · Population 13,419 · Updated March 2026

$1,693
Median Rent / Month
$89,167
Median Income
$294,500
Median Home Value
$1,770
Owner Costs / Month

Affordability

How far your income goes in Lexington Park

22.8%
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

$20,316
Annual Rent
$5,127
State Income Tax
$3,151
Property Tax (est.)

Cost of Living Overview

Lexington Park is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Lexington Park residents can expect to pay median rent of $1,693/month while earning a median household income of $89,167/year.

The median home value in Lexington Park, MD is $294,500, with typical monthly owner costs around $1,770 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.8% 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 Lexington Park.

Frequently Asked Questions

Common questions about living costs in Lexington Park

What is the cost of living in Lexington Park, MD?
The cost of living index in Lexington Park, MD is 112 (US average = 100). Median monthly rent is $1,693, median household income is $89,167/year, and the median home value is $294,500.
Is Lexington Park, MD affordable?
No, Lexington Park is more expensive than the national average with a cost index of 112. The rent-to-income ratio is 22.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lexington Park, MD?
The median gross rent in Lexington Park, MD is $1,693 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,316.
What is the median household income in Lexington Park?
The median household income in Lexington Park, MD is $89,167 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%.