salaryRent is higher than in 86% of U.S. cities. Household incomes are higher than in 90% of U.S. cities. A typical house costs about 3.0 years of household income. It is a highly educated city: 58.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $100,440 a year. That is $48 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 162 of 200 cities from cheapest to most expensive.
How much do households earn in Elkridge?
Share of households by yearly income. 56.8% of households earn $100,000 or more.
Rent by apartment size in Elkridge
| Size | Elkridge | U.S. average |
|---|---|---|
| Studio | $2,538 | $1,338 |
| 1 bedroom | $2,155 | $1,324 |
| 2 bedrooms | $2,296 | $1,509 |
| 3 bedrooms | $2,900 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Elkridge 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 Elkridge, so the Maryland figure is shown.
Taxes and bills in Elkridge
Life in Elkridge
Is it cheaper to rent or buy in Elkridge?
Renting is cheaper right now: about $641 a month less.
Owning assumes a typical $454,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $45,420 for the down payment.
Frequently asked questions
What is the average rent in Elkridge, MD?
Renting in Elkridge costs a median of about $2,511 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Elkridge?
To keep rent under 30% of income, you need about $100,440 a year, or $48 an hour at a full-time job.
Is Elkridge cheap or expensive?
Elkridge is rated Cheap: rent takes 20.0% of the typical household income of $150,896. It ranks 162nd cheapest of 200 Maryland cities we track.
How much are property taxes in Elkridge?
The median homeowner in Elkridge pays $5,254 a year in property taxes, about 1.16% of the median home value.
Is Elkridge 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 Elkridge?
The median home value in Elkridge is $454,200, about 3.0 times the typical yearly household income.
26,283 people live in Elkridge. Numbers are typical (middle) values.