Rockville, MD

Very High · 176

Maryland · Population 67,218 · Updated March 2026

$2,244
Median Rent / Month
$122,384
Median Income
$658,300
Median Home Value
$2,262
Owner Costs / Month

Affordability

How far your income goes in Rockville

22.0%
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

$26,928
Annual Rent
$7,037
State Income Tax
$7,044
Property Tax (est.)

Cost of Living Overview

Rockville has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 176 (where 100 equals the national median), Rockville residents can expect to pay median rent of $2,244/month while earning a median household income of $122,384/year.

The median home value in Rockville, MD is $658,300, with typical monthly owner costs around $2,262 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.0% 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 Rockville.

Frequently Asked Questions

Common questions about living costs in Rockville

What is the cost of living in Rockville, MD?
The cost of living index in Rockville, MD is 176 (US average = 100). Median monthly rent is $2,244, median household income is $122,384/year, and the median home value is $658,300.
Is Rockville, MD affordable?
No, Rockville is more expensive than the national average with a cost index of 176. The rent-to-income ratio is 22.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Rockville, MD?
The median gross rent in Rockville, MD is $2,244 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $26,928.
What is the median household income in Rockville?
The median household income in Rockville, MD is $122,384 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%.