salaryRent is higher than in 84% of U.S. cities. A typical house costs about 4.7 years of household income. Commutes are long, about 34.1 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $98,080 a year. That is $47 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
No. Rent here is more expensive than in most of Maryland. It is number 157 of 200 cities from cheapest to most expensive.
How much do households earn in Aspen Hill?
Share of households by yearly income. 45.5% of households earn $100,000 or more.
Rent by apartment size in Aspen Hill
| Size | Aspen Hill | U.S. average |
|---|---|---|
| Studio | $1,492 | $1,338 |
| 1 bedroom | $1,742 | $1,324 |
| 2 bedrooms | $2,004 | $1,509 |
| 3 bedrooms | $2,384 | $1,698 |
| 4 bedrooms | $3,485 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Aspen Hill overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Aspen Hill, so the Maryland figure is shown.
Taxes and bills in Aspen Hill
Life in Aspen Hill
Is it cheaper to rent or buy in Aspen Hill?
Renting is cheaper right now: about $1,503 a month less.
Owning assumes a typical $570,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $57,000 for the down payment.
Frequently asked questions
What is the average rent in Aspen Hill, MD?
Renting in Aspen Hill costs a median of about $2,452 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Aspen Hill?
To keep rent under 30% of income, you need about $98,080 a year, or $47 an hour at a full-time job.
Is Aspen Hill cheap or expensive?
Aspen Hill is rated OK: rent takes 24.5% of the typical household income of $120,334. It ranks 157th cheapest of 200 Maryland cities we track.
How much are property taxes in Aspen Hill?
The median homeowner in Aspen Hill pays $4,590 a year in property taxes, about 0.81% of the median home value.
Is Aspen Hill more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Aspen Hill?
The median home value in Aspen Hill is $570,000, about 4.7 times the typical yearly household income.
53,279 people live in Aspen Hill. Numbers are typical (middle) values.