salaryRent is higher than in 78% of U.S. cities. Household incomes are higher than in 92% of U.S. cities. A typical house costs about 4.1 years of household income. Commutes are long, about 34.7 minutes each way. Most homes (85.4%) are owned, so rentals can be hard to find. It is a highly educated city: 59% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $89,600 a year. That is $43 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 126 of 200 cities from cheapest to most expensive.
How much do households earn in Cloverly?
Share of households by yearly income. 59.7% of households earn $100,000 or more.
Rent by apartment size in Cloverly
| Size | Cloverly | U.S. average |
|---|---|---|
| 2 bedrooms | $1,463 | $1,509 |
| 3 bedrooms | $2,377 | $1,698 |
| 4 bedrooms | $2,702 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cloverly 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 Cloverly, so the Maryland figure is shown.
Taxes and bills in Cloverly
Life in Cloverly
Is it cheaper to rent or buy in Cloverly?
Renting is cheaper right now: about $2,376 a month less.
Owning assumes a typical $665,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $66,530 for the down payment.
Frequently asked questions
What is the average rent in Cloverly, MD?
Renting in Cloverly costs a median of about $2,240 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Cloverly?
To keep rent under 30% of income, you need about $89,600 a year, or $43 an hour at a full-time job.
Is Cloverly cheap or expensive?
Cloverly is rated Cheap: rent takes 16.4% of the typical household income of $164,022. It ranks 126th cheapest of 200 Maryland cities we track.
How much are property taxes in Cloverly?
The median homeowner in Cloverly pays $5,873 a year in property taxes, about 0.88% of the median home value.
Is Cloverly 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 Cloverly?
The median home value in Cloverly is $665,300, about 4.1 times the typical yearly household income.
16,646 people live in Cloverly. Numbers are typical (middle) values.