Cost of Living in Montgomery County, MD
Population 1,065,949 · Census ACS 2020–2024 5-year estimates
The median rent in Montgomery County, MD is $2,068/month, 21% higher than the Maryland median and 46% higher than the U.S. median. The median home value is $640,300, 92% higher than the national median. Households earn a median of $132,450 a year, 28% higher than the state median.
Affordability
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Montgomery County vs. Maryland vs. U.S.
| Montgomery County | Maryland | U.S. | |
|---|---|---|---|
| Median rent | $2,068 | $1,705 | $1,413 |
| Median home value | $640,300 | $419,900 | $332,700 |
| Median household income | $132,450 | $103,678 | $80,734 |
| Homeownership rate | 65.3% | 67.6% | 65.2% |
| Bachelor's degree or higher | 60.6% | 43.4% | 35.7% |
| Poverty rate | 7.5% | 9.4% | 12.5% |
| Unemployment rate | 4.9% | 4.9% | 5.2% |
| Work from home | 28.3% | 19.3% | 15.1% |
| Median age | 40.2 | 39.4 | 38.9 |
FAQ
What is the average rent in Montgomery County, MD?
The median gross rent in Montgomery County, MD is $2,068 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Montgomery County, MD?
Using the common 30% rule, renting a median-priced home takes about $82,720 a year in gross income.
Is Montgomery County, MD expensive to live in?
Rent there is 46% higher than the U.S. median, and the median home costs about 4.8 times the median household income.
Other counties in Maryland
Counties with a similar cost of living
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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