Pikesville, MD

Above Avg · 121

Maryland · Population 34,253 · Updated March 2026

$1,646
Median Rent / Month
$97,218
Median Income
$404,100
Median Home Value
$1,657
Owner Costs / Month

Affordability

How far your income goes in Pikesville

20.3%
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

$19,752
Annual Rent
$5,590
State Income Tax
$4,324
Property Tax (est.)

Cost of Living Overview

Pikesville has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 121 (where 100 equals the national median), Pikesville residents can expect to pay median rent of $1,646/month while earning a median household income of $97,218/year.

The median home value in Pikesville, MD is $404,100, with typical monthly owner costs around $1,657 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.3% 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 Pikesville.

Frequently Asked Questions

Common questions about living costs in Pikesville

What is the cost of living in Pikesville, MD?
The cost of living index in Pikesville, MD is 121 (US average = 100). Median monthly rent is $1,646, median household income is $97,218/year, and the median home value is $404,100.
Is Pikesville, MD affordable?
No, Pikesville is more expensive than the national average with a cost index of 121. The rent-to-income ratio is 20.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Pikesville, MD?
The median gross rent in Pikesville, MD is $1,646 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,752.
What is the median household income in Pikesville?
The median household income in Pikesville, MD is $97,218 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%.