Westminster, MD

Average · 103

Maryland · Population 20,257 · Updated March 2026

$1,410
Median Rent / Month
$79,431
Median Income
$318,100
Median Home Value
$1,607
Owner Costs / Month

Affordability

How far your income goes in Westminster

21.3%
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

$16,920
Annual Rent
$4,567
State Income Tax
$3,404
Property Tax (est.)

Cost of Living Overview

Westminster has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Westminster residents can expect to pay median rent of $1,410/month while earning a median household income of $79,431/year.

The median home value in Westminster, MD is $318,100, with typical monthly owner costs around $1,607 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% 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 Westminster.

Frequently Asked Questions

Common questions about living costs in Westminster

What is the cost of living in Westminster, MD?
The cost of living index in Westminster, MD is 103 (US average = 100). Median monthly rent is $1,410, median household income is $79,431/year, and the median home value is $318,100.
Is Westminster, MD affordable?
No, Westminster is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Westminster, MD?
The median gross rent in Westminster, MD is $1,410 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,920.
What is the median household income in Westminster?
The median household income in Westminster, MD is $79,431 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%.