Cost of Living in Fairwood, MD
Population 8,108 · Maryland · Data vintage 2023
(100 = US avg)
Fairwood's housing market reflects its status as a high-earning metro: $695,000 for a typical home, 128% above the US median, paired with household incomes around $191,319 that put it in the upper third of the state. An unemployment rate of 1.4% points to a labor market well on the tight side of the national distribution.
Geographically, Fairwood sits roughly 13 miles east of Washington. Housing prices track closely with Washington's $725,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Fairwood
The median home value in Fairwood is $695,300 — 128% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $191,319/year is 157% higher than the US median of $74,580. The local unemployment rate is 1.4%, 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, Fairwood has a cost of living index of 243 versus the US average of 100, meaning it is 143% more expensive.
Fairwood has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
Frequently Asked Questions
What is the cost of living in Fairwood, MD?
Fairwood has a cost index of 243 (100 = national average). It is 143% above the national average.
What is average rent in Fairwood, MD?
The median gross rent in Fairwood is $3,501 per month based on 2023 Census data.
What is the average home price in Fairwood?
The median home value in Fairwood is $695,300 according to 2023 Census ACS data.
What is the median income in Fairwood?
The median household income in Fairwood is $191,319 per year (2023 ACS 5-year estimates).
What is the sales tax in Fairwood, MD?
The combined state and local sales tax rate in Fairwood is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Fairwood, MD affordable?
Fairwood is above average in cost of living, with an index of 243 — about 143% higher than the national average.
Fairwood at a Glance
- Population
- 8,108
- Median Income
- $191,319
- Home Value
- $695,300
- Median Rent
- $3,501/mo
- Unemployment
- 1.4%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Maryland Rankings
Similar Cost Cities
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