Randallstown, MD

Average · 106

Maryland · Population 35,975 · Updated March 2026

$1,537
Median Rent / Month
$88,544
Median Income
$306,000
Median Home Value
$1,628
Owner Costs / Month

Affordability

How far your income goes in Randallstown

20.8%
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

$18,444
Annual Rent
$5,091
State Income Tax
$3,274
Property Tax (est.)

Cost of Living Overview

Randallstown is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 106 (where 100 equals the national median), Randallstown residents can expect to pay median rent of $1,537/month while earning a median household income of $88,544/year.

The median home value in Randallstown, MD is $306,000, with typical monthly owner costs around $1,628 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.8% 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 Randallstown.

Frequently Asked Questions

Common questions about living costs in Randallstown

What is the cost of living in Randallstown, MD?
The cost of living index in Randallstown, MD is 106 (US average = 100). Median monthly rent is $1,537, median household income is $88,544/year, and the median home value is $306,000.
Is Randallstown, MD affordable?
No, Randallstown is more expensive than the national average with a cost index of 106. The rent-to-income ratio is 20.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Randallstown, MD?
The median gross rent in Randallstown, MD is $1,537 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,444.
What is the median household income in Randallstown?
The median household income in Randallstown, MD is $88,544 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%.