Cost of Living in Caroline County, Maryland

$1,070/mo
Median Monthly Rent
$272,400
Median Home Value
24% below state averageUnaffordable

At a Glance

Median Monthly Rent
$1,070/mo
24% below state average
Median Home Value
$272,400
3% below national
Rent-to-Income Ratio
32.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Caroline County Compares

Median monthly rent comparison

Caroline County$1,070/mo
Maryland Average$1,415/mo
National Median$1,163/mo

Detailed Housing Stats

$1,070/mo
Median Gross Rent
$272,400
Median Home Value
$1,314/mo
Monthly Owner Cost
32.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Caroline County, Maryland

Caroline County's rural affordability

Caroline County's rent-to-income ratio of 19.4% is slightly above Maryland's 18.3% state average but remains affordable compared to urban and premium suburban markets. With a median household income of $66,368 and $1,070 median rent, the county offers accessible housing for working-class families.

Below-average costs, below-average income

Caroline County ranks toward the bottom of Maryland's income distribution but maintains reasonable housing affordability through proportionally low rents at $1,070 per month. The county's 19.4% rent-to-income ratio reflects a balance between modest wages and modest housing costs.

Affordable rural alternative

Caroline's $1,070 median rent is lower than neighboring Cecil County ($1,367) and considerably less than Baltimore County ($1,566) and Anne Arundel ($1,990). However, Caroline's lower median income of $66,368 means residents have fewer overall resources compared to wealthier neighboring counties.

Caroline's working-family reality

Renters pay $1,070 monthly while homeowners pay $1,314 for mortgages on homes averaging $272,400 in value—accessible prices for rural Maryland. With a median household income of $66,368, housing consumes 19.4% for renters and 23.7% for owners, manageable for families with stable employment.

Caroline for rural seekers

Caroline County appeals to families earning $60,000–$80,000 who prioritize low housing costs and rural living over urban amenities. Compare Caroline's $1,070 rents and $272,400 homes to Baltimore City or Anne Arundel to appreciate the county's affordability advantage for budget-conscious relocators.

Affordability Calculator

See how your income compares to housing costs in Caroline County

$

Rent Burden

19.3%

of gross income

Max Housing (28% Rule)

$1,549

per month

Owner Cost Burden

23.8%

of gross income

The median home in Caroline County may be a stretch

Median home value is $272,400. Estimated monthly cost: $2,175 vs. your max of $1,549.

Rent Affordability Guide

Your rent-to-income ratio19.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Caroline County, Maryland?
Caroline County, Maryland has a median monthly rent of $1,070/mo and a median home value of $272,400. The affordability rating is Unaffordable, with rent making up approximately 32.0% of median household income.
What is the median rent in Caroline County?
The median gross rent in Caroline County is $1,070/mo. This is 24% below state average for Maryland.
Is Caroline County affordable?
Caroline County is rated Unaffordable based on rent-to-income ratio of 32.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Caroline County's rent compare to the state average?
Caroline County's median rent of $1,070/mo is 24% below state average of $1,415/mo for Maryland.
What is the median home value in Caroline County?
The median home value in Caroline County, Maryland is $272,400. This is 3% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.