Cost of Living in Drum Point, MD

Population 3,219 · Maryland · Data vintage 2023

128
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Drum Point a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $383,000. Unemployment has stayed elevated relative to the national figure — 6.6% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Drum Point is about 50 miles southeast of Alexandria, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 45% lower than Alexandria's $697,000.

Cost Overview

Housing 126
Rent 130

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

About the Cost of Living in Drum Point

The median home value in Drum Point is $383,200 — 26% above the national median of $305,000. Median rent runs $1,714/month, 30% higher than the national median of $1,314/month. The median household income of $133,059/year is 78% higher than the US median of $74,580. The local unemployment rate is 6.6%, above the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. The climate averages highs of 66.7°F and lows of 49.8°F, with about 12.5" of annual snowfall. Overall, Drum Point has a cost of living index of 128 versus the US average of 100, meaning it is 28% more expensive.

🏠 Housing

Median Home Value
$383,200
26% above avg
Median Rent
$1,714/mo
30% above avg
Price-to-Rent Ratio
18.6x
Favors buying
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 90.6%
Renter-occupied 9.4%

💰 Estimated Monthly Budget

Rent median rent
$1,714
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,328/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
46.1 min
71% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.7%

Commute Mode

Drove alone
70.5%
Carpooled
7.8%
Work from home
21.7%

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
$133,059
78% above avg
Per Capita Income
$49,572
Unemployment Rate
6.6%
37% above avg
Poverty Rate
11.6%
Labor Force Participation
62.6%

🎓 Education

Bachelor's degree+ 15.6%
Graduate degree 20.3%

👥 Demographics

Median Age 37.8
Male median age 37.6
Female median age 42.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
66.7°F
Avg Low
49.8°F
Annual Precip
45.3"
Annual Snowfall
12.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 454855667583878579695850
Low °F 303137475766716963524134
Precip" 2.912.844.003.683.664.274.494.664.154.033.073.54
Snow" 3.96.01.30.00.00.00.00.00.00.00.01.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
86.6%
Good air days/yr
101
Max AQI recorded
0
PM2.5 days
238
Ozone days

Frequently Asked Questions

What is the cost of living in Drum Point, MD?

Drum Point has a cost index of 128 (100 = national average). It is 28% above the national average.

What is average rent in Drum Point, MD?

The median gross rent in Drum Point is $1,714 per month based on 2023 Census data.

What is the average home price in Drum Point?

The median home value in Drum Point is $383,200 according to 2023 Census ACS data.

What is the median income in Drum Point?

The median household income in Drum Point is $133,059 per year (2023 ACS 5-year estimates).

What is the sales tax in Drum Point, MD?

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

Is Drum Point, MD affordable?

Drum Point is above average in cost of living, with an index of 128 — about 28% higher than the national average.

What is the weather like in Drum Point?

Drum Point has average high temperatures of 66.7°F and average lows of 49.8°F. Annual precipitation is 45.3". Average annual snowfall is 12.5". Data from NOAA 1991–2020 Climate Normals.

Drum Point at a Glance

Population
3,219
Median Income
$133,059
Home Value
$383,200
Median Rent
$1,714/mo
Unemployment
6.6%
Avg High Temp
66.7°F
Sales Tax
6.0%
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