Redland, MD

Very High · 155

Maryland · Population 18,976 · Updated March 2026

$2,145
Median Rent / Month
$123,587
Median Income
$519,600
Median Home Value
$2,088
Owner Costs / Month

Affordability

How far your income goes in Redland

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

$25,740
Annual Rent
$7,106
State Income Tax
$5,560
Property Tax (est.)

Cost of Living Overview

Redland has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 155 (where 100 equals the national median), Redland residents can expect to pay median rent of $2,145/month while earning a median household income of $123,587/year.

The median home value in Redland, MD is $519,600, with typical monthly owner costs around $2,088 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 Redland.

Frequently Asked Questions

Common questions about living costs in Redland

What is the cost of living in Redland, MD?
The cost of living index in Redland, MD is 155 (US average = 100). Median monthly rent is $2,145, median household income is $123,587/year, and the median home value is $519,600.
Is Redland, MD affordable?
No, Redland is more expensive than the national average with a cost index of 155. The rent-to-income ratio is 20.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Redland, MD?
The median gross rent in Redland, MD is $2,145 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,740.
What is the median household income in Redland?
The median household income in Redland, MD is $123,587 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%.