Cost of living in Garrett Park, Maryland

Cost of living
compared to USA

the highest

Cost of living
compared to Maryland

the highest

Median household
income

the highest

Is it expensive to live in Garrett Park, Maryland? When calculating the cost of living in Garrett Park, 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 Garrett Park, 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 Garrett Park is $221,250 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 Garrett Park, Maryland

The sales tax rate in Garrett Park, Maryland is 6.0%. Last year, the average property taxes paid was 0.9% Garrett Park, Maryland.

Here is the table with the State Income Taxes in the state of Maryland:

State Income Tax Brackets:

Income Brackets(single):	Income Brackets(Married):	Maryland Income Tax Rate
$0 - $1,000	$0 - $1,000	2.0%
$1,000 - $2,000	$1,000 - $2,000	3.0%
$2,000 - $3,000	$2,000 - $3,000	4.0%
$3,000 - $100,000	$3,000 - $150,000	4.8%
$100,000 - $125,000	$150,000 - $175,000	5.0%
$125,000 - $150,000	$175,000 - $225,000	5.3%
$150,000 - $250,000	$225,000 - $300,000	5.5%
>= $250,000	>= $300,000	5.8%

Housing costs in Garrett Park, Maryland

The average cost of
a single-family home
compated to USA

the highest

The average cost of
a single-family home
compated to Maryland

the highest

In Garrett Park, Maryland, 96.0% of the population owns their homes, while approximately 4.0% rent. The average cost of a single-family home in Garrett Park, Maryland in 2023 is $916,172 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 $2,099 per month.

Rental Size	Monthly Cost	Compared to Maryland
1 Bedroom	$2,099	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$2,379	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$2,959	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$3,509	the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest