Cost of Living in Taneytown, MD

Population 7,295 · Maryland · Data vintage 2023

Cost Index
(100 = US avg)

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

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

Taneytown 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.

Geographically, Taneytown is about 35 miles northwest of Columbia, the nearest large metro. Median home values run roughly 33% lower than Columbia's $480,000.

Cost Overview

Housing 106

Rent 61

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

About the Cost of Living in Taneytown

The median home value in Taneytown is $323,700 — 6% above the national median of $305,000. Median rent runs $799/month, 39% lower than the national median of $1,314/month. The median household income of $78,726/year is 6% higher than the US median of $74,580. The local unemployment rate is 5.1%, 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, Taneytown has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.

📍

Taneytown 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:

Westminster, MD

Median home: $318,100

Rent: $1,410/mo

Income: $79,431

Linganore, MD

Median home: $498,100

Rent: $2,281/mo

Income: $173,763

Frederick, MD

Median home: $365,200

Rent: $1,688/mo

Income: $95,150

Eldersburg, MD

Median home: $478,800

Rent: $1,655/mo

Income: $146,598

Green Valley, MD

Median home: $579,100

Rent: $2,683/mo

Income: $174,221

🏠 Housing

Median Home Value

$323,700

6% above avg

Zillow Home Value

$392,184

Zillow ZHVI

Median Rent

$799/mo

39% below avg

Price-to-Rent Ratio

33.8x

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 80.1%

Renter-occupied 19.9%

💰 Estimated Monthly Budget

Rent median rent

$799

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,413/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

41.4 min

53% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

10.5%

Commute Mode

Drove alone

77.1%

Carpooled

10.3%

Public transit

2.1%

Work from home

10.5%

⚡ 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

$78,726

6% above avg

Per Capita Income

$39,059

Unemployment Rate

5.1%

5% above avg

Poverty Rate

12.5%

Labor Force Participation

59.1%

🎓 Education

Bachelor's degree+ 13.7%

Graduate degree 8.2%

👥 Demographics

Median Age 38.4

Male median age 38.6

Female median age 37.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good

75%

Good air days/yr

143

Max AQI recorded

PM2.5 days

244

Ozone days

Frequently Asked Questions

What is the cost of living in Taneytown, MD?

Taneytown has a cost index of 88 (100 = national average). It is 12% below the national average.

What is average rent in Taneytown, MD?

The median gross rent in Taneytown is $799 per month based on 2023 Census data.

What is the average home price in Taneytown?

The median home value in Taneytown is $323,700 according to Zillow and Census data.

What is the median income in Taneytown?

The median household income in Taneytown is $78,726 per year (2023 ACS 5-year estimates).

What is the sales tax in Taneytown, MD?

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

Is Taneytown, MD affordable?

Yes, Taneytown is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.

Taneytown at a Glance

Population: 7,295
Median Income: $78,726
Home Value: $323,700
Median Rent: $799/mo
Unemployment: 5.1%
Sales Tax: 6.0%

View all cities in Maryland →

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