States › Maryland › Riverdale Park

Is Riverdale Park, MD expensive to live in?

OKRent takes 22 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,41538% higher than U.S. average
💵 Families earn per year (2026)$129,466about $10,789/month · 49% higher than U.S. average
🔑 House price$475,80043% higher than U.S. average

Rent is higher than in 83% of U.S. cities. A typical house costs about 3.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $96,600 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 151 of 200 cities from cheapest to most expensive.

Riverdale Park
$2,415
Darnestown
$3,500+
Fairwood
$3,614
Bowleys Quarters
$1,887
Wildewood
$2,835
Frostburg
$956
Ocean City
$2,262

How much do households earn in Riverdale Park?

Under $25k
7.9%
$25k–50k
17.8%
$50k–100k
17.5%
$100k–150k
29.6%
$150k+
20.2%

Share of households by yearly income. 49.8% of households earn $100,000 or more.

Rent by apartment size in Riverdale Park

SizeRiverdale ParkU.S. average
1 bedroom$1,687$1,324
2 bedrooms$1,692$1,509
3 bedrooms$2,016$1,698
4 bedrooms$2,404$2,098

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

How expensive is Riverdale Park 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 Riverdale Park, so the Maryland figure is shown.

Taxes and bills in Riverdale Park

🏛️ Property tax$6,559a year · 1.38% of home value · U.S. $3,119
⚡ Electric bill$132a month (typical) · U.S. $156

Life in Riverdale Park

Commute to work29.6 minU.S.: 26.4 min
College degree33.7%U.S.: 35.7%
Own their home50.9%U.S.: 65.2%
Below poverty line17.7%U.S.: 12.5%
Unemployment2.8%U.S.: 5.2%

Is it cheaper to rent or buy in Riverdale Park?

Renting is cheaper right now: about $886 a month less.

Renting
$2,415
Owning
$3,301

Owning assumes a typical $475,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $47,580 for the down payment.

Frequently asked questions

What is the average rent in Riverdale Park, MD?

Renting in Riverdale Park costs a median of about $2,415 a month in 2026, including utilities. The Maryland median is $2,010.

How much do I need to make to live in Riverdale Park?

To keep rent under 30% of income, you need about $96,600 a year, or $46 an hour at a full-time job.

Is Riverdale Park cheap or expensive?

Riverdale Park is rated OK: rent takes 22.4% of the typical household income of $129,466. It ranks 151st cheapest of 200 Maryland cities we track.

How much are property taxes in Riverdale Park?

The median homeowner in Riverdale Park pays $6,559 a year in property taxes, about 1.38% of the median home value.

Is Riverdale Park 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 Riverdale Park?

The median home value in Riverdale Park is $475,800, about 3.7 times the typical yearly household income.

7,270 people live in Riverdale Park. Numbers are typical (middle) values.