salaryRent is higher than in 53% of U.S. cities. A typical house costs about 5.8 years of household income. Most households rent (66%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $68,440 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
Yes. Rent here is cheaper than in most of Maryland. It is number 48 of 200 cities from cheapest to most expensive.
How much do households earn in College Park?
Share of households by yearly income. 31.6% of households earn $100,000 or more.
Rent by apartment size in College Park
| Size | College Park | U.S. average |
|---|---|---|
| Studio | $1,417 | $1,338 |
| 1 bedroom | $1,517 | $1,324 |
| 2 bedrooms | $2,222 | $1,509 |
| 3 bedrooms | $2,438 | $1,698 |
| 4 bedrooms | $1,498 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is College Park 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 College Park, so the Maryland figure is shown.
Taxes and bills in College Park
Life in College Park
Is it cheaper to rent or buy in College Park?
Renting is cheaper right now: about $1,327 a month less.
Owning assumes a typical $437,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $43,790 for the down payment.
Frequently asked questions
What is the average rent in College Park, MD?
Renting in College Park costs a median of about $1,711 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in College Park?
To keep rent under 30% of income, you need about $68,440 a year, or $33 an hour at a full-time job.
Is College Park cheap or expensive?
College Park is rated OK: rent takes 27.3% of the typical household income of $75,194. It ranks 48th cheapest of 200 Maryland cities we track.
How much are property taxes in College Park?
The median homeowner in College Park pays $5,284 a year in property taxes, about 1.21% of the median home value.
Is College Park 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 College Park?
The median home value in College Park is $437,900, about 5.8 times the typical yearly household income.
34,540 people live in College Park. Numbers are typical (middle) values.