Cost of Living in Owings Mills, MD
Population 35,626 · Maryland · Data vintage 2023
(100 = US avg)
Most of Owings Mills's cost indicators track within a reasonable band of national figures, with median household incomes near $94,046 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Owings Mills sits roughly 12 miles northwest of Baltimore — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 53% higher than Baltimore's $219,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Owings Mills
The median home value in Owings Mills is $335,000 — 10% above the national median of $305,000. Median rent runs $1,815/month, 38% higher than the national median of $1,314/month. The median household income of $94,046/year is 26% higher than the US median of $74,580. The local unemployment rate is 5.6%, 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, Owings Mills has a cost of living index of 121 versus the US average of 100, meaning it is 21% 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 Owings Mills, MD?
Owings Mills has a cost index of 121 (100 = national average). It is 21% above the national average.
What is average rent in Owings Mills, MD?
The median gross rent in Owings Mills is $1,815 per month based on 2023 Census data.
What is the average home price in Owings Mills?
The median home value in Owings Mills is $335,000 according to Zillow and Census data.
What is the median income in Owings Mills?
The median household income in Owings Mills is $94,046 per year (2023 ACS 5-year estimates).
What is the sales tax in Owings Mills, MD?
The combined state and local sales tax rate in Owings Mills is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Owings Mills, MD affordable?
Owings Mills is above average in cost of living, with an index of 121 — about 21% higher than the national average.
Owings Mills at a Glance
- Population
- 35,626
- Median Income
- $94,046
- Home Value
- $335,000
- Median Rent
- $1,815/mo
- Unemployment
- 5.6%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Maryland Rankings
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