New Carrollton, MD

Above Avg · 123

Maryland · Population 13,544 · Updated March 2026

$1,745
Median Rent / Month
$80,292
Median Income
$378,300
Median Home Value
$1,785
Owner Costs / Month

Affordability

How far your income goes in New Carrollton

26.1%
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

$20,940
Annual Rent
$4,617
State Income Tax
$4,048
Property Tax (est.)

Cost of Living Overview

New Carrollton has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 123 (where 100 equals the national median), New Carrollton residents can expect to pay median rent of $1,745/month while earning a median household income of $80,292/year.

The median home value in New Carrollton, MD is $378,300, with typical monthly owner costs around $1,785 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.1%, New Carrollton 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 New Carrollton.

Frequently Asked Questions

Common questions about living costs in New Carrollton

What is the cost of living in New Carrollton, MD?
The cost of living index in New Carrollton, MD is 123 (US average = 100). Median monthly rent is $1,745, median household income is $80,292/year, and the median home value is $378,300.
Is New Carrollton, MD affordable?
No, New Carrollton is more expensive than the national average with a cost index of 123. The rent-to-income ratio is 26.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Carrollton, MD?
The median gross rent in New Carrollton, MD is $1,745 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,940.
What is the median household income in New Carrollton?
The median household income in New Carrollton, MD is $80,292 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%.