salaryRent here is among the highest 10% in the country. Household incomes are higher than in 95% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are long, about 31.8 minutes each way. Most homes (89.2%) are owned, so rentals can be hard to find. It is a highly educated city: 65% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $129,920 a year. That is $62 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 185 of 200 cities from cheapest to most expensive.
How much do households earn in Olney?
Share of households by yearly income. 67.9% of households earn $100,000 or more.
Rent by apartment size in Olney
| Size | Olney | U.S. average |
|---|---|---|
| 2 bedrooms | $1,975 | $1,509 |
| 3 bedrooms | $2,646 | $1,698 |
| 4 bedrooms | $3,041 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Olney 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 Olney, so the Maryland figure is shown.
Taxes and bills in Olney
Life in Olney
Is it cheaper to rent or buy in Olney?
Renting is cheaper right now: about $1,308 a month less.
Owning assumes a typical $656,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $65,660 for the down payment.
Frequently asked questions
What is the average rent in Olney, MD?
Renting in Olney costs a median of about $3,248 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Olney?
To keep rent under 30% of income, you need about $129,920 a year, or $62 an hour at a full-time job.
Is Olney cheap or expensive?
Olney is rated OK: rent takes 21.1% of the typical household income of $184,917. It ranks 185th cheapest of 200 Maryland cities we track.
How much are property taxes in Olney?
The median homeowner in Olney pays $5,712 a year in property taxes, about 0.87% of the median home value.
Is Olney 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 Olney?
The median home value in Olney is $656,600, about 3.6 times the typical yearly household income.
35,797 people live in Olney. Numbers are typical (middle) values.