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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Allegany County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Allegany County ranks #1,290 of 3,142 counties for affordability (top 41%)
Sourced county brief
Allegany County Median Home Value Estimated at $154,900
The median home value in Allegany County was estimated at $154,900, which is $215,117 below the Maryland unweighted county mean of $370,017. Median gross rent in the county was $805 per month, compared to a state unweighted mean of $1,459. For owner-occupied units, the median selected monthly owner cost was $822, while the state unweighted mean for this metric was $1,660. The official gross rent as a percentage of household income (GRAPI), sourced from ACS table B25071, was 27.2%. This figure is 3.0 percentage points below the state unweighted county mean official GRAPI of 30.2%. Renter-household income in the county was a median of $32,819. These figures represent snapshots from the ACS 2020-2024 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Allegany County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.2% of renter household income in Allegany County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $805 per month; median selected monthly owner costs are $822. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,200 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Maryland unweighted mean of county median rents is $1,459 per month. Allegany County's $805 median is 44.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Allegany County
Rent Burden
16.2%
of gross income
Max Housing (28% Rule)
$1,391
per month
Owner Cost Burden
16.5%
of gross income
You can likely afford the median home in Allegany County
Median home value is $154,900. Estimated monthly cost: $1,237 vs. your max of $1,391.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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