Cost of Living in Parkville, MD
Population 30,423 · Maryland · Data vintage 2023
(100 = US avg)
Most of Parkville's cost indicators track within a reasonable band of national figures, with median household incomes near $78,405 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Located 7 miles northeast of Baltimore, Parkville falls within that metro's commuting orbit. Median home values run roughly 15% higher than Baltimore's $219,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Parkville
The median home value in Parkville is $251,100 — 18% below the national median of $305,000. Median rent runs $1,471/month, 12% higher than the national median of $1,314/month. The median household income of $78,405/year is 5% higher than the US median of $74,580. The local unemployment rate is 4.6%, 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, Parkville has a cost of living index of 94 versus the US average of 100, meaning it is 6% less 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 Parkville, MD?
Parkville has a cost index of 94 (100 = national average). It is 6% below the national average.
What is average rent in Parkville, MD?
The median gross rent in Parkville is $1,471 per month based on 2023 Census data.
What is the average home price in Parkville?
The median home value in Parkville is $251,100 according to Zillow and Census data.
What is the median income in Parkville?
The median household income in Parkville is $78,405 per year (2023 ACS 5-year estimates).
What is the sales tax in Parkville, MD?
The combined state and local sales tax rate in Parkville is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Parkville, MD affordable?
Parkville is near the national average in terms of cost of living, with an index of 94 (100 = US average).
Parkville at a Glance
- Population
- 30,423
- Median Income
- $78,405
- Home Value
- $251,100
- Median Rent
- $1,471/mo
- Unemployment
- 4.6%
- Sales Tax
- 6.0%
Explore county-level cost of living data
Maryland Rankings
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