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Cost of Living in Charles County, MD

Population 170,527 · Census ACS 2020–2024 5-year estimates

Median rent$1,920
Median home value$428,500
Median household income$122,816

The median rent in Charles County, MD is $1,920/month, 13% higher than the Maryland median and 36% higher than the U.S. median. The median home value is $428,500, 29% higher than the national median. Households earn a median of $122,816 a year, 18% higher than the state median.

Affordability

Rent as a share of median income: 18.8%
Income needed for median rent (30% rule): $76,800/yr
Home price-to-income ratio: 3.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,167/mo

Run your own numbers: mortgage calculator · hourly to salary

Charles County vs. Maryland vs. U.S.

Charles CountyMarylandU.S.
Median rent$1,920$1,705$1,413
Median home value$428,500$419,900$332,700
Median household income$122,816$103,678$80,734
Homeownership rate82.1%67.6%65.2%
Bachelor's degree or higher33.5%43.4%35.7%
Poverty rate6.9%9.4%12.5%
Unemployment rate4.8%4.9%5.2%
Work from home16.4%19.3%15.1%
Median age38.939.438.9

FAQ

What is the average rent in Charles County, MD?

The median gross rent in Charles County, MD is $1,920 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $76,800 a year in gross income.

Is Charles County, MD expensive to live in?

Rent there is 36% higher than the U.S. median, and the median home costs about 3.5 times the median household income.

Other counties in Maryland

Montgomery County, MDRent $2,068 · Income $132,450Prince George's County, MDRent $1,799 · Income $101,798Baltimore County, MDRent $1,627 · Income $91,768Anne Arundel County, MDRent $2,071 · Income $124,911Baltimore city, MDRent $1,331 · Income $62,177Howard County, MDRent $2,099 · Income $149,763

Counties with a similar cost of living

Teton County, WYRent $1,904 · Income $124,172Bergen County, NJRent $1,914 · Income $124,884Collin County, TXRent $1,859 · Income $121,600Westchester County, NYRent $1,951 · Income $118,976Monmouth County, NJRent $1,827 · Income $124,845Rockwall County, TXRent $1,992 · Income $127,981

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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