Cost of Living in Lutherville, MD

Population 6,670 · Maryland · Data vintage 2023

127

Cost Index
(100 = US avg)

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

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

Lutherville 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. At 6.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Lutherville sits roughly 9 miles north of Baltimore. Median home values run roughly 94% higher than Baltimore's $219,000.

Cost Overview

Housing 139

Rent 109

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

About the Cost of Living in Lutherville

The median home value in Lutherville is $425,200 — 39% above the national median of $305,000. Median rent runs $1,428/month, 9% higher than the national median of $1,314/month. The median household income of $119,214/year is 60% higher than the US median of $74,580. The local unemployment rate is 6.3%, 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, Lutherville has a cost of living index of 127 versus the US average of 100, meaning it is 27% more expensive.

📍

Lutherville 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:

Timonium, MD

Median home: $478,800

Rent: $1,790/mo

Income: $130,732

Towson, MD

Median home: $445,100

Rent: $1,784/mo

Income: $100,481

Mays Chapel, MD

Median home: $447,300

Rent: $1,768/mo

Income: $118,462

Cockeysville, MD

Median home: $392,000

Rent: $1,553/mo

Income: $85,422

Parkville, MD

Median home: $251,100

Rent: $1,471/mo

Income: $78,405

🏠 Housing

Median Home Value

$425,200

39% above avg

Median Rent

$1,428/mo

9% above avg

Price-to-Rent Ratio

24.8x

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 84.0%

Renter-occupied 16.0%

💰 Estimated Monthly Budget

Rent median rent

$1,428

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $2,042/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

27.8 min

3% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

20.6%

Commute Mode

Drove alone

70.8%

Carpooled

5.2%

Public transit

0.3%

Walked

2.8%

Work from home

20.6%

⚡ 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

$119,214

60% above avg

Per Capita Income

$54,773

Unemployment Rate

6.3%

30% above avg

Poverty Rate

5.2%

Labor Force Participation

67.7%

🎓 Education

Bachelor's degree+ 30.9%

Graduate degree 36.8%

👥 Demographics

Median Age 45.2

Male median age 45.6

Female median age 44.7

💨 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 Lutherville, MD?

Lutherville has a cost index of 127 (100 = national average). It is 27% above the national average.

What is average rent in Lutherville, MD?

The median gross rent in Lutherville is $1,428 per month based on 2023 Census data.

What is the average home price in Lutherville?

The median home value in Lutherville is $425,200 according to 2023 Census ACS data.

What is the median income in Lutherville?

The median household income in Lutherville is $119,214 per year (2023 ACS 5-year estimates).

What is the sales tax in Lutherville, MD?

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

Is Lutherville, MD affordable?

Lutherville is above average in cost of living, with an index of 127 — about 27% higher than the national average.

Lutherville at a Glance

Population: 6,670
Median Income: $119,214
Home Value: $425,200
Median Rent: $1,428/mo
Unemployment: 6.3%
Sales Tax: 6.0%

View all cities in Maryland →

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