salaryRent is higher than in 88% of U.S. cities. Household incomes are higher than in 91% of U.S. cities. A typical house costs about 3.1 years of household income. Most homes (93.2%) are owned, so rentals can be hard to find. It is a highly educated city: 55.1% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $105,240 a year. That is $51 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 168 of 200 cities from cheapest to most expensive.
How much do households earn in Honeygo?
Share of households by yearly income. 56.9% of households earn $100,000 or more.
Rent by apartment size in Honeygo
| Size | Honeygo | U.S. average |
|---|---|---|
| 1 bedroom | $1,106 | $1,324 |
| 3 bedrooms | $3,136 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Honeygo 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 Honeygo, so the Maryland figure is shown.
Taxes and bills in Honeygo
Life in Honeygo
Is it cheaper to rent or buy in Honeygo?
Renting is cheaper right now: about $728 a month less.
Owning assumes a typical $484,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,410 for the down payment.
Frequently asked questions
What is the average rent in Honeygo, MD?
Renting in Honeygo costs a median of about $2,631 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Honeygo?
To keep rent under 30% of income, you need about $105,240 a year, or $51 an hour at a full-time job.
Is Honeygo cheap or expensive?
Honeygo is rated Cheap: rent takes 20.0% of the typical household income of $157,875. It ranks 168th cheapest of 200 Maryland cities we track.
How much are property taxes in Honeygo?
The median homeowner in Honeygo pays $5,123 a year in property taxes, about 1.06% of the median home value.
Is Honeygo 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 Honeygo?
The median home value in Honeygo is $484,100, about 3.1 times the typical yearly household income.
12,250 people live in Honeygo. Numbers are typical (middle) values.