Cost of living
Bethesda, Maryland
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Bethesda, MD is #32 on the list Top 100 Most Educated Cities in America in 2023, #35 on the list Top 100 Most Educated Cities in America in 2022, #70 on the list Top 100 Best Cities to Work Remote in 2022, situated in the county #49 on the list Top 100 Healthiest Counties in America
Cost of living in Bethesda, Maryland
Cost of living compared to USAthe highest
Cost of living compared to Marylandthe highest
Median household incomethe highest
Is it expensive to live in Bethesda, Maryland? When calculating the cost of living in Bethesda, Maryland we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Bethesda, Maryland is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Maryland, while median household income in Bethesda is $172,873 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Maryland.
Taxes in Bethesda, Maryland
The sales tax rate in Bethesda, Maryland is 6.0%. Last year, the average property taxes paid was 0.9% Bethesda, Maryland.
Here is the table with the State Income Taxes in the state of Maryland:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Maryland Income Tax Rate |
|---|---|---|
| $0 | $1,000 | 2.0% |
| $1,000 | $2,000 | 3.0% |
| $2,000 | $3,000 | 4.0% |
| $3,000 | $100,000 | 4.75% |
| $100,000 | $125,000 | 5.0% |
| $125,000 | $150,000 | 5.25% |
| $150,000 | $250,000 | 5.5% |
| $250,000 | $9,999,999 | 5.75% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Maryland Income Tax Rate |
|---|---|---|
| $0 | $1,000 | 2.0% |
| $1,000 | $2,000 | 3.0% |
| $2,000 | $3,000 | 4.0% |
| $3,000 | $150,000 | 4.75% |
| $150,000 | $175,000 | 5.0% |
| $175,000 | $225,000 | 5.25% |
| $225,000 | $300,000 | 5.5% |
| $300,000 | $9,999,999 | 5.75% |
Housing costs in Bethesda, Maryland
The average cost of a single-family home compared to USAthe highest
The average cost of a single-family home compared to Marylandthe highest
In Bethesda, Maryland, 67.0% of the population owns their homes, while approximately 33.0% rent. The average cost of a single-family home in Bethesda, Maryland in 2022 is $998,155 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Maryland. The average one-bedroom apartment cost is approximately $2,053 per month.
| Rental Size | Monthly Cost | Compared to Maryland |
|---|---|---|
| 1 Bedroom | $2,053 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $2,336 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $2,922 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $3,488 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Pros and Cons of living in Bethesda, Maryland in reviews from users in their own words:
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