Summerfield, MD

Very High · 130

Maryland · Population 15,635 · Updated March 2026

$2,032
Median Rent / Month
$92,042
Median Income
$339,800
Median Home Value
$1,952
Owner Costs / Month

Affordability

How far your income goes in Summerfield

26.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$24,384
Annual Rent
$5,292
State Income Tax
$3,636
Property Tax (est.)

Cost of Living Overview

Summerfield has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 130 (where 100 equals the national median), Summerfield residents can expect to pay median rent of $2,032/month while earning a median household income of $92,042/year.

The median home value in Summerfield, MD is $339,800, with typical monthly owner costs around $1,952 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.5%, Summerfield falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Summerfield.

Frequently Asked Questions

Common questions about living costs in Summerfield

What is the cost of living in Summerfield, MD?
The cost of living index in Summerfield, MD is 130 (US average = 100). Median monthly rent is $2,032, median household income is $92,042/year, and the median home value is $339,800.
Is Summerfield, MD affordable?
No, Summerfield is more expensive than the national average with a cost index of 130. The rent-to-income ratio is 26.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Summerfield, MD?
The median gross rent in Summerfield, MD is $2,032 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $24,384.
What is the median household income in Summerfield?
The median household income in Summerfield, MD is $92,042 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%.