Cost of Living in Allegany County, Maryland
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Allegany County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Allegany County, Maryland
Allegany's affordability advantage
At 16.4%, Allegany County's rent-to-income ratio sits well below the national benchmark and Maryland's 18.3% state average, making it one of the most affordable rental markets in the region. Residents here spend significantly less of their paychecks on housing compared to their national counterparts, where the median household income of $74,755 is 30% higher than Allegany's $57,393.
Best value in Maryland
Allegany County ranks among Maryland's most affordable places to rent, with a median rent of just $786 per month—44% cheaper than the state average of $1,415. This exceptional affordability makes Allegany a standout for budget-conscious renters across Maryland.
Affordable haven vs neighbors
Allegany's $786 median rent is significantly lower than nearby Caroline County ($1,070) and Cecil County ($1,367), though both counties offer stronger median incomes. For renters prioritizing low housing costs over higher wages, Allegany remains the region's most accessible option.
Housing costs in Allegany
Renters spend $786 monthly while homeowners pay $830 for mortgages on a median home valued at $149,200—among the lowest in the state. With a median household income of $57,393, housing consumes just 16.4% of income for renters and 17.4% for owners, leaving more room in the household budget.
Consider Allegany for value
If affordability is your priority, Allegany County delivers the lowest housing costs in Maryland alongside reasonable homeownership opportunities. Compare Allegany's $786 rent and $149,200 median home value to pricier counties like Anne Arundel ($1,990 rent, $450,300 homes) to see real savings.
Affordability Calculator
See how your income compares to housing costs in Allegany County
Rent Burden
16.4%
of gross income
Max Housing (28% Rule)
$1,339
per month
Owner Cost Burden
17.4%
of gross income
You can likely afford the median home in Allegany County
Median home value is $149,200. Estimated monthly cost: $1,191 vs. your max of $1,339.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.