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Cost of Living in Catonsville, MD

Population 43,368 · Census ACS 2020–2024 5-year estimates

Median rent$1,724
Median home value$416,900
Median household income$114,109

The median rent in Catonsville, MD is $1,724/month, about the same as the Maryland median and 22% higher than the U.S. median. The median home value is $416,900, 25% higher than the national median. Households earn a median of $114,109 a year, 10% higher than the state median.

Affordability

Rent as a share of median income: 18.1%
Income needed for median rent (30% rule): $68,960/yr
Home price-to-income ratio: 3.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,108/mo

Run your own numbers: mortgage calculator · hourly to salary

Catonsville vs. Maryland vs. U.S.

CatonsvilleMarylandU.S.
Median rent$1,724$1,705$1,413
Median home value$416,900$419,900$332,700
Median household income$114,109$103,678$80,734
Homeownership rate69.7%67.6%65.2%
Bachelor's degree or higher54.7%43.4%35.7%
Poverty rate6.9%9.4%12.5%
Unemployment rate4.0%4.9%5.2%
Work from home20.9%19.3%15.1%
Median age39.239.438.9

FAQ

What is the average rent in Catonsville, MD?

The median gross rent in Catonsville, MD is $1,724 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Catonsville, MD?

Using the common 30% rule, renting a median-priced home takes about $68,960 a year in gross income.

Is Catonsville, MD expensive to live in?

Rent there is 22% higher than the U.S. median, and the median home costs about 3.7 times the median household income.

Other cities in Maryland

Baltimore, MDRent $1,331 · Income $62,177Columbia, MDRent $2,042 · Income $131,490Germantown, MDRent $2,040 · Income $117,546Frederick, MDRent $1,764 · Income $97,069Waldorf, MDRent $1,995 · Income $116,089Silver Spring, MDRent $1,913 · Income $99,860

Cities with a similar cost of living

Cornelius, NCRent $1,722 · Income $113,767Fuquay-Varina, NCRent $1,720 · Income $115,497Methuen, MARent $1,749 · Income $113,310Clinton, UTRent $1,698 · Income $116,194Holladay, UTRent $1,704 · Income $117,043Champlin, MNRent $1,689 · Income $116,102

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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