Odenton, MD

Very High · 145

Maryland · Population 45,585 · Updated March 2026

$2,174
Median Rent / Month
$126,455
Median Income
$408,400
Median Home Value
$2,161
Owner Costs / Month

Affordability

How far your income goes in Odenton

20.6%
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

$26,088
Annual Rent
$7,271
State Income Tax
$4,370
Property Tax (est.)

Cost of Living Overview

Odenton has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 145 (where 100 equals the national median), Odenton residents can expect to pay median rent of $2,174/month while earning a median household income of $126,455/year.

The median home value in Odenton, MD is $408,400, with typical monthly owner costs around $2,161 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% 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 Odenton.

Frequently Asked Questions

Common questions about living costs in Odenton

What is the cost of living in Odenton, MD?
The cost of living index in Odenton, MD is 145 (US average = 100). Median monthly rent is $2,174, median household income is $126,455/year, and the median home value is $408,400.
Is Odenton, MD affordable?
No, Odenton is more expensive than the national average with a cost index of 145. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Odenton, MD?
The median gross rent in Odenton, MD is $2,174 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,088.
What is the median household income in Odenton?
The median household income in Odenton, MD is $126,455 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%.