States › Maryland › Elkton

Is Elkton, MD expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,45417% lower than U.S. average
💵 Families earn per year (2026)$63,243about $5,270/month · 27% lower than U.S. average
🔑 House price$293,40012% lower than U.S. average

Rent is lower than in 60% of U.S. cities. A typical house costs about 4.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $58,160 a year. That is $28 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 23 of 200 cities from cheapest to most expensive.

Elkton
$1,454
Bensville
$2,864
Rossville
$2,000
Hillcrest Heights
$2,274
Mays Chapel
$2,075
Brooklyn Park
$1,451
Cloverly
$2,240

How much do households earn in Elkton?

Under $25k
19.3%
$25k–50k
27.4%
$50k–100k
25.2%
$100k–150k
16.4%
$150k+
8.5%

Share of households by yearly income. 24.9% of households earn $100,000 or more.

Rent by apartment size in Elkton

SizeElktonU.S. average
1 bedroom$973$1,324
2 bedrooms$1,419$1,509
3 bedrooms$1,675$1,698
4 bedrooms$2,636$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Elkton overall?

Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).

Housing
121
Goods (food, clothes…)
103
Utilities
111
Other services
102
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Elkton, so the Maryland figure is shown.

Taxes and bills in Elkton

🏛️ Property tax$3,058a year · 1.04% of home value · U.S. $3,119
⚡ Electric bill$177a month (typical) · U.S. $156

Life in Elkton

Commute to work25.3 minU.S.: 26.4 min
College degree21.6%U.S.: 35.7%
Own their home50.6%U.S.: 65.2%
Below poverty line20.1%U.S.: 12.5%
Unemployment6.9%U.S.: 5.2%

Is it cheaper to rent or buy in Elkton?

Renting is cheaper right now: about $582 a month less.

Renting
$1,454
Owning
$2,036

Owning assumes a typical $293,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,340 for the down payment.

Frequently asked questions

What is the average rent in Elkton, MD?

Renting in Elkton costs a median of about $1,454 a month in 2026, including utilities. The Maryland median is $2,010.

How much do I need to make to live in Elkton?

To keep rent under 30% of income, you need about $58,160 a year, or $28 an hour at a full-time job.

Is Elkton cheap or expensive?

Elkton is rated OK: rent takes 27.6% of the typical household income of $63,243. It ranks 23rd cheapest of 200 Maryland cities we track.

How much are property taxes in Elkton?

The median homeowner in Elkton pays $3,058 a year in property taxes, about 1.04% of the median home value.

Is Elkton 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 Elkton?

The median home value in Elkton is $293,400, about 4.6 times the typical yearly household income.

15,910 people live in Elkton. Numbers are typical (middle) values.