Lochearn, MD

Average · 95

Maryland · Population 27,591 · Updated March 2026

$1,433
Median Rent / Month
$76,256
Median Income
$265,200
Median Home Value
$1,445
Owner Costs / Month

Affordability

How far your income goes in Lochearn

22.6%
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

$17,196
Annual Rent
$4,385
State Income Tax
$2,838
Property Tax (est.)

Cost of Living Overview

Lochearn has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 95 (where 100 equals the national median), Lochearn residents can expect to pay median rent of $1,433/month while earning a median household income of $76,256/year.

The median home value in Lochearn, MD is $265,200, with typical monthly owner costs around $1,445 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.6% 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 Lochearn.

Frequently Asked Questions

Common questions about living costs in Lochearn

What is the cost of living in Lochearn, MD?
The cost of living index in Lochearn, MD is 95 (US average = 100). Median monthly rent is $1,433, median household income is $76,256/year, and the median home value is $265,200.
Is Lochearn, MD affordable?
Yes, Lochearn is more affordable than the national average with a cost index of 95. The rent-to-income ratio is 22.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lochearn, MD?
The median gross rent in Lochearn, MD is $1,433 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,196.
What is the median household income in Lochearn?
The median household income in Lochearn, MD is $76,256 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%.