Cost of Living in Thurmont, MD

Population 6,439 · Maryland · Data vintage 2023

95
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Thurmont a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $326,000. The labor market has been unusually tight, with unemployment around 2.6% — below most comparable cities in the state.

Geographically, Thurmont is about 40 miles northwest of Columbia, the nearest large metro. Median home values run roughly 32% lower than Columbia's $480,000.

Cost Overview

Housing 107
Rent 77

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

About the Cost of Living in Thurmont

The median home value in Thurmont is $325,700 — 7% above the national median of $305,000. Median rent runs $1,011/month, 23% lower than the national median of $1,314/month. The median household income of $92,391/year is 24% higher than the US median of $74,580. The local unemployment rate is 2.6%, 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, Thurmont has a cost of living index of 95 versus the US average of 100, meaning it is 5% less expensive.

🏠 Housing

Median Home Value
$325,700
7% above avg
Zillow Home Value
$391,029
Zillow ZHVI
Median Rent
$1,011/mo
23% below avg
Price-to-Rent Ratio
26.8x
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 75.1%
Renter-occupied 24.9%

💰 Estimated Monthly Budget

Rent median rent
$1,011
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,625/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
30.7 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.2%

Commute Mode

Drove alone
76.4%
Carpooled
7.5%
Public transit
0.3%
Walked
0.3%
Work from home
14.2%

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
$92,391
24% above avg
Per Capita Income
$44,732
Unemployment Rate
2.6%
47% below avg
Poverty Rate
11.3%
Labor Force Participation
70.1%

🎓 Education

Bachelor's degree+ 17.4%
Graduate degree 8.4%

👥 Demographics

Median Age 41.6
Male median age 37.9
Female median age 44.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
72%
Good air days/yr
136
Max AQI recorded
0
PM2.5 days
232
Ozone days

Frequently Asked Questions

What is the cost of living in Thurmont, MD?

Thurmont has a cost index of 95 (100 = national average). It is 5% below the national average.

What is average rent in Thurmont, MD?

The median gross rent in Thurmont is $1,011 per month based on 2023 Census data.

What is the average home price in Thurmont?

The median home value in Thurmont is $325,700 according to Zillow and Census data.

What is the median income in Thurmont?

The median household income in Thurmont is $92,391 per year (2023 ACS 5-year estimates).

What is the sales tax in Thurmont, MD?

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

Is Thurmont, MD affordable?

Thurmont is near the national average in terms of cost of living, with an index of 95 (100 = US average).

Thurmont at a Glance

Population
6,439
Median Income
$92,391
Home Value
$325,700
Median Rent
$1,011/mo
Unemployment
2.6%
Sales Tax
6.0%
View all cities in Maryland →
🗺️ County data for Maryland

Explore county-level cost of living data

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