Cost of Living in Lochearn, MD

Population 27,591 · Maryland · Data vintage 2023

96
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Lochearn cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $265,000, rents near $1,433 a month.

Located 7 miles west of Baltimore, Lochearn falls within that metro's commuting orbit. Median home values run roughly 21% higher than Baltimore's $219,000.

Cost Overview

Housing 87
Rent 109

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

About the Cost of Living in Lochearn

The median home value in Lochearn is $265,200 — 13% below the national median of $305,000. Median rent runs $1,433/month, 9% higher than the national median of $1,314/month. The median household income of $76,256/year is 2% higher than the US median of $74,580. The local unemployment rate is 6.0%, 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, Lochearn has a cost of living index of 96 versus the US average of 100, meaning it is 4% less expensive.

🏠 Housing

Median Home Value
$265,200
13% below avg
Zillow Home Value
$307,150
Zillow ZHVI
Median Rent
$1,433/mo
9% above avg
Zillow Rent
$1,365/mo
Zillow ZORI
Price-to-Rent Ratio
15.4x
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 68.5%
Renter-occupied 31.6%

💰 Estimated Monthly Budget

Rent median rent
$1,433
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,047/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
31.0 min
15% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.0%

Commute Mode

Drove alone
73.8%
Carpooled
8.4%
Public transit
4.8%
Walked
1.1%
Work from home
9.0%

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
$76,256
2% above avg
Per Capita Income
$37,997
Unemployment Rate
6.0%
25% above avg
Poverty Rate
9.1%
Labor Force Participation
64.3%

🎓 Education

Bachelor's degree+ 20.1%
Graduate degree 15.7%

👥 Demographics

Median Age 38.3
Male median age 37.4
Female median age 39.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
62.5%
Good air days/yr
205
Max AQI recorded
127
PM2.5 days
231
Ozone days

Frequently Asked Questions

What is the cost of living in Lochearn, MD?

Lochearn has a cost index of 96 (100 = national average). It is 4% below the national average.

What is average rent in Lochearn, MD?

The median gross rent in Lochearn is $1,433 per month based on 2023 Census data.

What is the average home price in Lochearn?

The median home value in Lochearn is $265,200 according to Zillow and Census data.

What is the median income in Lochearn?

The median household income in Lochearn is $76,256 per year (2023 ACS 5-year estimates).

What is the sales tax in Lochearn, MD?

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

Is Lochearn, MD affordable?

Lochearn is near the national average in terms of cost of living, with an index of 96 (100 = US average).