salaryRent is higher than in 82% of U.S. cities. A typical house costs about 3.5 years of household income. Commutes are long, about 37.7 minutes each way. It is a highly educated city: 55.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $95,440 a year. That is $46 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 148 of 200 cities from cheapest to most expensive.
How much do households earn in Lake Arbor?
Share of households by yearly income. 46.5% of households earn $100,000 or more.
Rent by apartment size in Lake Arbor
| Size | Lake Arbor | U.S. average |
|---|---|---|
| Studio | $2,591 | $1,338 |
| 1 bedroom | $2,299 | $1,324 |
| 2 bedrooms | $2,538 | $1,509 |
| 3 bedrooms | $2,961 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Arbor 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 Lake Arbor, so the Maryland figure is shown.
Taxes and bills in Lake Arbor
Life in Lake Arbor
Is it cheaper to rent or buy in Lake Arbor?
Renting is cheaper right now: about $810 a month less.
Owning assumes a typical $460,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,060 for the down payment.
Frequently asked questions
What is the average rent in Lake Arbor, MD?
Renting in Lake Arbor costs a median of about $2,386 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Lake Arbor?
To keep rent under 30% of income, you need about $95,440 a year, or $46 an hour at a full-time job.
Is Lake Arbor cheap or expensive?
Lake Arbor is rated OK: rent takes 21.9% of the typical household income of $130,726. It ranks 148th cheapest of 200 Maryland cities we track.
How much are property taxes in Lake Arbor?
The median homeowner in Lake Arbor pays $5,301 a year in property taxes, about 1.15% of the median home value.
Is Lake Arbor 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 Lake Arbor?
The median home value in Lake Arbor is $460,600, about 3.5 times the typical yearly household income.
14,335 people live in Lake Arbor. Numbers are typical (middle) values.