Cost of Living in Boonsboro, MD

Population 3,799 · Maryland · Data vintage 2023

104
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Boonsboro sits on the smaller end of the Maryland city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Boonsboro is about 50 miles west of Columbia, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 29% lower than Columbia's $480,000.

Cost Overview

Housing 112
Rent 91

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Boonsboro

The median home value in Boonsboro is $342,600 — 12% above the national median of $305,000. Median rent runs $1,197/month, 9% lower than the national median of $1,314/month. The median household income of $93,730/year is 26% higher than the US median of $74,580. The local unemployment rate is 3.7%, below the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Boonsboro has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$342,600
12% above avg
Zillow Home Value
$397,752
Zillow ZHVI
Median Rent
$1,197/mo
9% below avg
Price-to-Rent Ratio
23.9x
Favors renting
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,407
1 BR
$1,604
2 BR
$1,898
3 BR
$2,407
4 BR
$2,822
Owner-occupied 76.0%
Renter-occupied 24.0%

💰 Estimated Monthly Budget

Rent median rent
$1,197
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,811/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
36.5 min
35% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.8%

Commute Mode

Drove alone
78.6%
Carpooled
8.4%
Work from home
11.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$93,730
26% above avg
Per Capita Income
$40,445
Unemployment Rate
3.7%
23% below avg
Poverty Rate
5.2%
Labor Force Participation
65.2%

🎓 Education

Bachelor's degree+ 17.6%
Graduate degree 6.9%

👥 Demographics

Median Age 38.8
Male median age 29.5
Female median age 46.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
75.2%
Good air days/yr
172
Max AQI recorded
170
PM2.5 days
185
Ozone days

Frequently Asked Questions

What is the cost of living in Boonsboro, MD?

Boonsboro has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Boonsboro, MD?

The median gross rent in Boonsboro is $1,197 per month based on 2023 Census data.

What is the average home price in Boonsboro?

The median home value in Boonsboro is $342,600 according to Zillow and Census data.

What is the median income in Boonsboro?

The median household income in Boonsboro is $93,730 per year (2023 ACS 5-year estimates).

What is the sales tax in Boonsboro, MD?

The combined state and local sales tax rate in Boonsboro is 6.0%. The Maryland state income tax top rate is 5.8%.

Is Boonsboro, MD affordable?

Boonsboro is near the national average in terms of cost of living, with an index of 104 (100 = US average).

Boonsboro at a Glance

Population
3,799
Median Income
$93,730
Home Value
$342,600
Median Rent
$1,197/mo
Unemployment
3.7%
Sales Tax
6.0%
View all cities in Maryland →
🗺️ County data for Maryland

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs