Cost of Living in Mayo, MD

Population 8,322 · Maryland · Data vintage 2023

185

Cost Index
(100 = US avg)

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

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

Home prices in Mayo run well above the national baseline, with a median of $583,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $146,206 place the city among the better-paid Maryland metros.

Located 25 miles east of Washington, Mayo falls within that metro's commuting orbit. Median home values run roughly 20% lower than Washington's $725,000.

Cost Overview

Housing 191

Rent 177

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

About the Cost of Living in Mayo

The median home value in Mayo is $583,300 — 91% above the national median of $305,000. Median rent runs $2,323/month, 77% higher than the national median of $1,314/month. The median household income of $146,206/year is 96% higher than the US median of $74,580. The local unemployment rate is 5.4%, 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, Mayo has a cost of living index of 185 versus the US average of 100, meaning it is 85% more expensive.

📍

Mayo 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:

Annapolis Neck, MD

Median home: $723,100

Rent: $2,805/mo

Income: $171,833

Annapolis, MD

Median home: $510,200

Rent: $1,855/mo

Income: $104,257

Parole, MD

Median home: $521,100

Rent: $2,187/mo

Income: $119,591

Arnold, MD

Median home: $547,800

Rent: $2,177/mo

Income: $137,799

Crofton, MD

Median home: $507,000

Rent: $2,193/mo

Income: $147,250

🏠 Housing

Median Home Value

$583,300

91% above avg

Median Rent

$2,323/mo

77% above avg

Price-to-Rent Ratio

20.9x

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 89.8%

Renter-occupied 10.3%

💰 Estimated Monthly Budget

Rent median rent

$2,323

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $2,937/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

39.8 min

47% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

27.6%

Commute Mode

Drove alone

67.1%

Carpooled

4.1%

Public transit

0.7%

Work from home

27.6%

⚡ 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

$146,206

96% above avg

Per Capita Income

$64,054

Unemployment Rate

5.4%

13% above avg

Poverty Rate

4.6%

Labor Force Participation

69.5%

🎓 Education

Bachelor's degree+ 24.3%

Graduate degree 18.1%

👥 Demographics

Median Age 39.2

Male median age 35.4

Female median age 43.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good

85.6%

Good air days/yr

150

Max AQI recorded

PM2.5 days

244

Ozone days

Frequently Asked Questions

What is the cost of living in Mayo, MD?

Mayo has a cost index of 185 (100 = national average). It is 85% above the national average.

What is average rent in Mayo, MD?

The median gross rent in Mayo is $2,323 per month based on 2023 Census data.

What is the average home price in Mayo?

The median home value in Mayo is $583,300 according to 2023 Census ACS data.

What is the median income in Mayo?

The median household income in Mayo is $146,206 per year (2023 ACS 5-year estimates).

What is the sales tax in Mayo, MD?

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

Is Mayo, MD affordable?

Mayo is above average in cost of living, with an index of 185 — about 85% higher than the national average.

Mayo at a Glance

Population: 8,322
Median Income: $146,206
Home Value: $583,300
Median Rent: $2,323/mo
Unemployment: 5.4%
Sales Tax: 6.0%

View all cities in Maryland →

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