Cost of Living in Talbot 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 Talbot County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Talbot County ranks #2,790 of 3,142 counties for affordability (bottom 11%)
Sourced county brief
Talbot County Median Home Value Recorded at $409,700
The median home value in Talbot County was $409,700, which is $39,683 above the Maryland unweighted county mean of $370,017. The official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) was 30.9%, representing a 0.7 percentage point difference from the state unweighted county mean of 30.2%. Median gross rent was $1,256 per month, which is $203 below the state unweighted county mean of $1,459. Median selected monthly owner costs for all owner-occupied units were $1,583, slightly below the state unweighted mean of $1,660. Median renter-household income was estimated at $48,377. This report uses data from the 2020-2024 American Community Survey. 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: Talbot County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.9% of renter household income in Talbot County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,256 per month; median selected monthly owner costs are $1,583. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $50,240 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. Talbot County's $1,256 median is 13.9% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Talbot County
Rent Burden
17.8%
of gross income
Max Housing (28% Rule)
$1,979
per month
Owner Cost Burden
22.4%
of gross income
The median home in Talbot County may be a stretch
Median home value is $409,700. Estimated monthly cost: $3,271 vs. your max of $1,979.
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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