Cost of Living in Hampstead, MD

Population 6,311 · Maryland · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hampstead 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.

Located 25 miles northwest of Baltimore, Hampstead falls within that metro's commuting orbit. Median home values run roughly 39% higher than Baltimore's $219,000.

Cost Overview

Housing 100

Rent 94

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

About the Cost of Living in Hampstead

The median home value in Hampstead is $305,400 — equal to the national median of $305,000. Median rent runs $1,229/month, 6% lower than the national median of $1,314/month. The median household income of $96,802/year is 30% higher than the US median of $74,580. The local unemployment rate is 4.9%, 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, Hampstead has a cost of living index of 97 versus the US average of 100, meaning it is 3% less expensive.

📍

Hampstead 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:

Westminster, MD

Median home: $318,100

Rent: $1,410/mo

Income: $79,431

Reisterstown, MD

Median home: $332,300

Rent: $1,599/mo

Income: $79,812

Owings Mills, MD

Median home: $335,000

Rent: $1,815/mo

Income: $94,046

Cockeysville, MD

Median home: $392,000

Rent: $1,553/mo

Income: $85,422

Eldersburg, MD

Median home: $478,800

Rent: $1,655/mo

Income: $146,598

🏠 Housing

Median Home Value

$305,400

0% below avg

Zillow Home Value

$432,197

Zillow ZHVI

Median Rent

$1,229/mo

6% below avg

Price-to-Rent Ratio

20.7x

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 80.5%

Renter-occupied 19.5%

💰 Estimated Monthly Budget

Rent median rent

$1,229

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,843/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

33.5 min

24% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

11.6%

Commute Mode

Drove alone

81.4%

Carpooled

6.4%

Walked

0.4%

Work from home

11.6%

⚡ 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

$96,802

30% above avg

Per Capita Income

$50,491

Unemployment Rate

4.9%

1% above avg

Poverty Rate

3.3%

Labor Force Participation

73.4%

🎓 Education

Bachelor's degree+ 29.9%

Graduate degree 14.2%

👥 Demographics

Median Age 46

Male median age 43.2

Female median age 48.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good

75%

Good air days/yr

143

Max AQI recorded

PM2.5 days

244

Ozone days

Frequently Asked Questions

What is the cost of living in Hampstead, MD?

Hampstead has a cost index of 97 (100 = national average). It is 3% below the national average.

What is average rent in Hampstead, MD?

The median gross rent in Hampstead is $1,229 per month based on 2023 Census data.

What is the average home price in Hampstead?

The median home value in Hampstead is $305,400 according to Zillow and Census data.

What is the median income in Hampstead?

The median household income in Hampstead is $96,802 per year (2023 ACS 5-year estimates).

What is the sales tax in Hampstead, MD?

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

Is Hampstead, MD affordable?

Hampstead is near the national average in terms of cost of living, with an index of 97 (100 = US average).

Hampstead at a Glance

Population: 6,311
Median Income: $96,802
Home Value: $305,400
Median Rent: $1,229/mo
Unemployment: 4.9%
Sales Tax: 6.0%

View all cities in Maryland →

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