salaryRent is lower than in 65% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are long, about 30.4 minutes each way. Most homes (80.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $55,080 a year. That is $26 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 15 of 200 cities from cheapest to most expensive.
How much do households earn in Hampstead?
Share of households by yearly income. 40.7% of households earn $100,000 or more.
Rent by apartment size in Hampstead
| Size | Hampstead | U.S. average |
|---|---|---|
| 1 bedroom | $1,017 | $1,324 |
| 2 bedrooms | $1,442 | $1,509 |
| 3 bedrooms | $1,556 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hampstead 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 Hampstead, so the Maryland figure is shown.
Taxes and bills in Hampstead
Life in Hampstead
Is it cheaper to rent or buy in Hampstead?
Renting is cheaper right now: about $934 a month less.
Owning assumes a typical $333,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,300 for the down payment.
Frequently asked questions
What is the average rent in Hampstead, MD?
Renting in Hampstead costs a median of about $1,377 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Hampstead?
To keep rent under 30% of income, you need about $55,080 a year, or $26 an hour at a full-time job.
Is Hampstead cheap or expensive?
Hampstead is rated Cheap: rent takes 15.7% of the typical household income of $105,554. It ranks 15th cheapest of 200 Maryland cities we track.
How much are property taxes in Hampstead?
The median homeowner in Hampstead pays $3,480 a year in property taxes, about 1.05% of the median home value.
Is Hampstead 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 Hampstead?
The median home value in Hampstead is $333,000, about 3.2 times the typical yearly household income.
6,251 people live in Hampstead. Numbers are typical (middle) values.