salaryRent is lower than in 58% of U.S. cities. A typical house costs about 3.6 years of household income. Most homes (85.2%) are owned, so rentals can be hard to find. It is a highly educated city: 68.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $59,880 a year. That is $29 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 28 of 200 cities from cheapest to most expensive.
How much do households earn in Lutherville?
Share of households by yearly income. 47.4% of households earn $100,000 or more.
Rent by apartment size in Lutherville
| Size | Lutherville | U.S. average |
|---|---|---|
| 1 bedroom | $1,432 | $1,324 |
| 2 bedrooms | $1,472 | $1,509 |
| 3 bedrooms | $1,850 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Lutherville 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 Lutherville, so the Maryland figure is shown.
Taxes and bills in Lutherville
Life in Lutherville
Is it cheaper to rent or buy in Lutherville?
Renting is cheaper right now: about $1,583 a month less.
Owning assumes a typical $443,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $44,390 for the down payment.
Frequently asked questions
What is the average rent in Lutherville, MD?
Renting in Lutherville costs a median of about $1,497 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Lutherville?
To keep rent under 30% of income, you need about $59,880 a year, or $29 an hour at a full-time job.
Is Lutherville cheap or expensive?
Lutherville is rated Cheap: rent takes 14.7% of the typical household income of $122,478. It ranks 28th cheapest of 200 Maryland cities we track.
How much are property taxes in Lutherville?
The median homeowner in Lutherville pays $4,544 a year in property taxes, about 1.02% of the median home value.
Is Lutherville 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 Lutherville?
The median home value in Lutherville is $443,900, about 3.6 times the typical yearly household income.
6,574 people live in Lutherville. Numbers are typical (middle) values.