Cost of Living in Lake Shore, MD
Population 18,263 · Maryland · Data vintage 2023
(100 = US avg)
Lake Shore 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.
Lake Shore sits roughly 15 miles southeast of Baltimore — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 115% higher than Baltimore's $219,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Shore
The median home value in Lake Shore is $471,500 — 55% above the national median of $305,000. Median rent runs $1,793/month, 36% higher than the national median of $1,314/month. The median household income of $127,453/year is 71% higher than the US median of $74,580. The local unemployment rate is 4.3%, 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, Lake Shore has a cost of living index of 147 versus the US average of 100, meaning it is 47% more 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
Frequently Asked Questions
What is the cost of living in Lake Shore, MD?
Lake Shore has a cost index of 147 (100 = national average). It is 47% above the national average.
What is average rent in Lake Shore, MD?
The median gross rent in Lake Shore is $1,793 per month based on 2023 Census data.
What is the average home price in Lake Shore?
The median home value in Lake Shore is $471,500 according to 2023 Census ACS data.
What is the median income in Lake Shore?
The median household income in Lake Shore is $127,453 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Shore, MD?
The combined state and local sales tax rate in Lake Shore is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Lake Shore, MD affordable?
Lake Shore is above average in cost of living, with an index of 147 — about 47% higher than the national average.
Lake Shore at a Glance
- Population
- 18,263
- Median Income
- $127,453
- Home Value
- $471,500
- Median Rent
- $1,793/mo
- Unemployment
- 4.3%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Maryland Rankings
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