salaryRent is lower than in 67% of U.S. cities. A typical house costs about 3.6 years of household income. Commutes are long, about 37 minutes each way. Most homes (76.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $53,520 a year. That is $26 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 12 of 200 cities from cheapest to most expensive.
How much do households earn in Taneytown?
Share of households by yearly income. 31.7% of households earn $100,000 or more.
Rent by apartment size in Taneytown
| Size | Taneytown | U.S. average |
|---|---|---|
| 1 bedroom | $900 | $1,324 |
| 2 bedrooms | $1,147 | $1,509 |
| 3 bedrooms | $1,465 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Taneytown 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 Taneytown, so the Maryland figure is shown.
Taxes and bills in Taneytown
Life in Taneytown
Is it cheaper to rent or buy in Taneytown?
Renting is cheaper right now: about $1,010 a month less.
Owning assumes a typical $338,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,840 for the down payment.
Frequently asked questions
What is the average rent in Taneytown, MD?
Renting in Taneytown costs a median of about $1,338 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Taneytown?
To keep rent under 30% of income, you need about $53,520 a year, or $26 an hour at a full-time job.
Is Taneytown cheap or expensive?
Taneytown is rated Cheap: rent takes 17.0% of the typical household income of $94,499. It ranks 12th cheapest of 200 Maryland cities we track.
How much are property taxes in Taneytown?
The median homeowner in Taneytown pays $3,732 a year in property taxes, about 1.10% of the median home value.
Is Taneytown 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 Taneytown?
The median home value in Taneytown is $338,400, about 3.6 times the typical yearly household income.
7,932 people live in Taneytown. Numbers are typical (middle) values.