States › Maryland › Parkville

Is Parkville, MD expensive to live in?

OKRent takes 26 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8294% higher than U.S. average
💵 Families earn per year (2026)$85,393about $7,116/month · 2% lower than U.S. average
🔑 House price$260,40022% lower than U.S. average

Rent is higher than in 59% of U.S. cities. A typical house costs about 3.0 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $73,160 a year. That is $35 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 61 of 200 cities from cheapest to most expensive.

Parkville
$1,829
Clarksburg
$2,625
Milford Mill
$1,870
Bel Air North
$1,704
Laurel
$1,809
Crofton
$2,566
Eldersburg
$1,422

How much do households earn in Parkville?

Under $25k
11.3%
$25k–50k
19.7%
$50k–100k
39.6%
$100k–150k
18.1%
$150k+
7.4%

Share of households by yearly income. 25.4% of households earn $100,000 or more.

Rent by apartment size in Parkville

SizeParkvilleU.S. average
Studio$1,644$1,338
1 bedroom$1,343$1,324
2 bedrooms$1,642$1,509
3 bedrooms$1,990$1,698
4 bedrooms$2,070$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Parkville overall?

Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).

Housing
121
Goods (food, clothes…)
103
Utilities
111
Other services
102
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Parkville, so the Maryland figure is shown.

Taxes and bills in Parkville

🏛️ Property tax$2,832a year · 1.09% of home value · U.S. $3,119
⚡ Electric bill$176a month (typical) · U.S. $156

Life in Parkville

Commute to work27.2 minU.S.: 26.4 min
College degree33.2%U.S.: 35.7%
Own their home62.5%U.S.: 65.2%
Below poverty line8.6%U.S.: 12.5%
Unemployment5%U.S.: 5.2%

Is it cheaper to rent or buy in Parkville?

About the same. Renting and owning cost within $22 of each other each month.

Renting
$1,829
Owning
$1,807

Owning assumes a typical $260,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,040 for the down payment.

Frequently asked questions

What is the average rent in Parkville, MD?

Renting in Parkville costs a median of about $1,829 a month in 2026, including utilities. The Maryland median is $2,010.

How much do I need to make to live in Parkville?

To keep rent under 30% of income, you need about $73,160 a year, or $35 an hour at a full-time job.

Is Parkville cheap or expensive?

Parkville is rated OK: rent takes 25.7% of the typical household income of $85,393. It ranks 61st cheapest of 200 Maryland cities we track.

How much are property taxes in Parkville?

The median homeowner in Parkville pays $2,832 a year in property taxes, about 1.09% of the median home value.

Is Parkville 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 Parkville?

The median home value in Parkville is $260,400, about 3.0 times the typical yearly household income.

30,549 people live in Parkville. Numbers are typical (middle) values.