Cost of Living in Carroll County, Maryland

$1,370/mo
Median Monthly Rent
$406,400
Median Home Value
3% below state averageUnaffordable

At a Glance

Median Monthly Rent
$1,370/mo
3% below state average
Median Home Value
$406,400
44% above national
Rent-to-Income Ratio
29.0%
% 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 Carroll County Compares

Median monthly rent comparison

Carroll County$1,370/mo
Maryland Average$1,415/mo
National Median$1,163/mo

Detailed Housing Stats

$1,370/mo
Median Gross Rent
$406,400
Median Home Value
$1,920/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Carroll County, Maryland

Carroll County's strong affordability

Carroll County boasts Maryland's second-best rent-to-income ratio at 14.2%, significantly below the state average of 18.3% and well above national affordability standards. The county's median household income of $115,876—55% above the national median—makes housing feel genuinely accessible despite solid absolute prices.

Top-tier Maryland value

Carroll County ranks among Maryland's best for affordability, with a 14.2% rent-to-income ratio that reflects strong household incomes supporting moderate housing costs. Only Calvert County (15.5%) surpasses Carroll in the affordability rankings statewide.

Value among affluent suburbs

Carroll's $1,370 median rent is lower than Anne Arundel ($1,990) and Baltimore County ($1,566), while homes at $406,400 offer strong value compared to Anne Arundel's $450,300. The county delivers suburban quality comparable to its neighbors at meaningfully lower prices.

Carroll's healthy balance

Renters pay $1,370 monthly while homeowners carry $1,920 mortgage payments on homes averaging $406,400 in value—solid suburban pricing. With a median household income of $115,876, housing consumes just 14.2% for renters and 19.9% for owners, leaving substantial room for savings and other expenses.

Carroll for balanced families

Carroll County suits professionals earning $100,000–$130,000 seeking top-tier schools and strong community without Anne Arundel's premium prices. The county's 14.2% rent-to-income ratio and $406,400 median homes offer excellent value for affluent families prioritizing financial balance.

Affordability Calculator

See how your income compares to housing costs in Carroll County

$

Rent Burden

14.2%

of gross income

Max Housing (28% Rule)

$2,704

per month

Owner Cost Burden

19.9%

of gross income

The median home in Carroll County may be a stretch

Median home value is $406,400. Estimated monthly cost: $3,244 vs. your max of $2,704.

Rent Affordability Guide

Your rent-to-income ratio14.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Carroll County, Maryland?
Carroll County, Maryland has a median monthly rent of $1,370/mo and a median home value of $406,400. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Carroll County?
The median gross rent in Carroll County is $1,370/mo. This is 3% below state average for Maryland.
Is Carroll County affordable?
Carroll County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Carroll County's rent compare to the state average?
Carroll County's median rent of $1,370/mo is 3% below state average of $1,415/mo for Maryland.
What is the median home value in Carroll County?
The median home value in Carroll County, Maryland is $406,400. This is 44% above 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.