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Cost of Living in Perry Hall, MD

Population 29,105 · Census ACS 2020–2024 5-year estimates

Median rent$1,706
Median home value$349,600
Median household income$106,244

The median rent in Perry Hall, MD is $1,706/month, about the same as the Maryland median and 21% higher than the U.S. median. The median home value is $349,600, 5% higher than the national median. Households earn a median of $106,244 a year, 2% higher than the state median.

Affordability

Rent as a share of median income: 19.3%
Income needed for median rent (30% rule): $68,240/yr
Home price-to-income ratio: 3.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,768/mo

Run your own numbers: mortgage calculator · hourly to salary

Perry Hall vs. Maryland vs. U.S.

Perry HallMarylandU.S.
Median rent$1,706$1,705$1,413
Median home value$349,600$419,900$332,700
Median household income$106,244$103,678$80,734
Homeownership rate76.5%67.6%65.2%
Bachelor's degree or higher42.1%43.4%35.7%
Poverty rate6.8%9.4%12.5%
Unemployment rate2.0%4.9%5.2%
Work from home16.2%19.3%15.1%
Median age40.239.438.9

FAQ

What is the average rent in Perry Hall, MD?

The median gross rent in Perry Hall, MD is $1,706 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $68,240 a year in gross income.

Is Perry Hall, MD expensive to live in?

Rent there is 21% higher than the U.S. median, and the median home costs about 3.3 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

Blaine, MNRent $1,705 · Income $106,801Hoffman Estates, ILRent $1,734 · Income $106,806Beaumont, CARent $1,681 · Income $107,118Winter Park, FLRent $1,738 · Income $105,724The Acreage, FLRent $1,710 · Income $109,032Oro Valley, AZRent $1,669 · Income $107,117

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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