States › Maryland › Halfway

Is Halfway, MD expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$82953% lower than U.S. average
💵 Families earn per year (2026)$76,612about $6,384/month · 12% lower than U.S. average
🔑 House price$253,30024% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.3 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $33,160 a year. That is $16 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 3 of 200 cities from cheapest to most expensive.

Halfway
$829
Walker Mill
$1,979
White Marsh
$2,182
La Plata
$1,640
Friendly
$2,426
Bel Air
$1,557
Scaggsville
$3,500+

How much do households earn in Halfway?

Under $25k
11.5%
$25k–50k
27.6%
$50k–100k
32.2%
$100k–150k
14.6%
$150k+
9.1%

Share of households by yearly income. 23.7% of households earn $100,000 or more.

Rent by apartment size in Halfway

SizeHalfwayU.S. average
2 bedrooms$1,120$1,509
3 bedrooms$1,410$1,698

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

How expensive is Halfway 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 Halfway, so the Maryland figure is shown.

Taxes and bills in Halfway

🏛️ Property tax$1,868a year · 0.74% of home value · U.S. $3,119
⚡ Electric bill$148a month (typical) · U.S. $156

Life in Halfway

Commute to work22.3 minU.S.: 26.4 min
College degree21.3%U.S.: 35.7%
Own their home71.6%U.S.: 65.2%
Below poverty line10.5%U.S.: 12.5%
Unemployment4%U.S.: 5.2%

Is it cheaper to rent or buy in Halfway?

Renting is cheaper right now: about $929 a month less.

Renting
$829
Owning
$1,758

Owning assumes a typical $253,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,330 for the down payment.

Frequently asked questions

What is the average rent in Halfway, MD?

Renting in Halfway costs a median of about $829 a month in 2026, including utilities. The Maryland median is $2,010.

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

To keep rent under 30% of income, you need about $33,160 a year, or $16 an hour at a full-time job.

Is Halfway cheap or expensive?

Halfway is rated Cheap: rent takes 13.0% of the typical household income of $76,612. It ranks 3rd cheapest of 200 Maryland cities we track.

How much are property taxes in Halfway?

The median homeowner in Halfway pays $1,868 a year in property taxes, about 0.74% of the median home value.

Is Halfway 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 Halfway?

The median home value in Halfway is $253,300, about 3.3 times the typical yearly household income.

10,849 people live in Halfway. Numbers are typical (middle) values.