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Cost of Living in Fairland, MD

Population 26,231 · Census ACS 2020–2024 5-year estimates

Median rent$1,894
Median home value$477,300
Median household income$98,800

The median rent in Fairland, MD is $1,894/month, 11% higher than the Maryland median and 34% higher than the U.S. median. The median home value is $477,300, 43% higher than the national median. Households earn a median of $98,800 a year, 5% lower than the state median.

Affordability

Rent as a share of median income: 23.0%
Income needed for median rent (30% rule): $75,760/yr
Home price-to-income ratio: 4.8×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,413/mo

Run your own numbers: mortgage calculator · hourly to salary

Fairland vs. Maryland vs. U.S.

FairlandMarylandU.S.
Median rent$1,894$1,705$1,413
Median home value$477,300$419,900$332,700
Median household income$98,800$103,678$80,734
Homeownership rate46.0%67.6%65.2%
Bachelor's degree or higher46.4%43.4%35.7%
Poverty rate10.4%9.4%12.5%
Unemployment rate6.1%4.9%5.2%
Work from home17.5%19.3%15.1%
Median age38.539.438.9

FAQ

What is the average rent in Fairland, MD?

The median gross rent in Fairland, MD is $1,894 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $75,760 a year in gross income.

Is Fairland, MD expensive to live in?

Rent there is 34% higher than the U.S. median, and the median home costs about 4.8 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

Winter Gardens, CARent $1,913 · Income $97,973Covina, CARent $1,931 · Income $98,671Westminster, CORent $1,882 · Income $100,272Whittier, CARent $1,906 · Income $97,201Enterprise, NVRent $1,934 · Income $98,462Richardson, TXRent $1,857 · Income $98,111

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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