Overlea, MD

Average · 91

Maryland · Population 12,430 · Updated March 2026

$1,315
Median Rent / Month
$86,296
Median Income
$249,500
Median Home Value
$1,488
Owner Costs / Month

Affordability

How far your income goes in Overlea

18.3%
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

$15,780
Annual Rent
$4,962
State Income Tax
$2,670
Property Tax (est.)

Cost of Living Overview

Overlea offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), Overlea residents can expect to pay median rent of $1,315/month while earning a median household income of $86,296/year.

The median home value in Overlea, MD is $249,500, with typical monthly owner costs around $1,488 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.3% 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 Overlea.

Frequently Asked Questions

Common questions about living costs in Overlea

What is the cost of living in Overlea, MD?
The cost of living index in Overlea, MD is 91 (US average = 100). Median monthly rent is $1,315, median household income is $86,296/year, and the median home value is $249,500.
Is Overlea, MD affordable?
Yes, Overlea is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 18.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Overlea, MD?
The median gross rent in Overlea, MD is $1,315 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,780.
What is the median household income in Overlea?
The median household income in Overlea, MD is $86,296 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%.