Cost of Living in Elkton, MD
Population 15,867 · Maryland · Data vintage 2023
(100 = US avg)
Elkton 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. 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.
Elkton is about 45 miles southwest of Philadelphia, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% higher than Philadelphia's $232,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Elkton
The median home value in Elkton is $271,700 — 11% below the national median of $305,000. Median rent runs $1,368/month, 4% higher than the national median of $1,314/month. The median household income of $56,565/year is 24% lower 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%. Overall, Elkton has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Elkton, MD?
Elkton has a cost index of 95 (100 = national average). It is 5% below the national average.
What is average rent in Elkton, MD?
The median gross rent in Elkton is $1,368 per month based on 2023 Census data.
What is the average home price in Elkton?
The median home value in Elkton is $271,700 according to Zillow and Census data.
What is the median income in Elkton?
The median household income in Elkton is $56,565 per year (2023 ACS 5-year estimates).
What is the sales tax in Elkton, MD?
The combined state and local sales tax rate in Elkton is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Elkton, MD affordable?
Elkton is near the national average in terms of cost of living, with an index of 95 (100 = US average).
Elkton at a Glance
- Population
- 15,867
- Median Income
- $56,565
- Home Value
- $271,700
- Median Rent
- $1,368/mo
- Unemployment
- 6.6%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Maryland Rankings
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