salaryRent is higher than in 62% of U.S. cities. Household incomes are higher than in 87% of U.S. cities. A typical house costs about 3.4 years of household income. Commutes are long, about 30.8 minutes each way. Most homes (90.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $75,240 a year. That is $36 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 74 of 200 cities from cheapest to most expensive.
How much do households earn in Lake Shore?
Share of households by yearly income. 52.2% of households earn $100,000 or more.
Rent by apartment size in Lake Shore
| Size | Lake Shore | U.S. average |
|---|---|---|
| 1 bedroom | $1,596 | $1,324 |
| 2 bedrooms | $1,991 | $1,509 |
| 3 bedrooms | $2,251 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lake Shore 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 Shore, so the Maryland figure is shown.
Taxes and bills in Lake Shore
Life in Lake Shore
Is it cheaper to rent or buy in Lake Shore?
Renting is cheaper right now: about $1,405 a month less.
Owning assumes a typical $473,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $47,360 for the down payment.
Frequently asked questions
What is the average rent in Lake Shore, MD?
Renting in Lake Shore costs a median of about $1,881 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Lake Shore?
To keep rent under 30% of income, you need about $75,240 a year, or $36 an hour at a full-time job.
Is Lake Shore cheap or expensive?
Lake Shore is rated Cheap: rent takes 16.0% of the typical household income of $140,948. It ranks 74th cheapest of 200 Maryland cities we track.
How much are property taxes in Lake Shore?
The median homeowner in Lake Shore pays $3,696 a year in property taxes, about 0.78% of the median home value.
Is Lake Shore 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 Shore?
The median home value in Lake Shore is $473,600, about 3.4 times the typical yearly household income.
18,249 people live in Lake Shore. Numbers are typical (middle) values.