Cost of Living in Parkville, MD

Population: 30,423 • 2026 Data

$78,405
Median Household Income
+1% vs national
$1,471
Median Monthly Rent
+9% vs national
$251,100
Median Home Value
-26% vs national
4.6%
Unemployment Rate

Housing in Parkville

The median home value in Parkville, MD is $251,100. Monthly rent for a typical unit averages $1,471, while total monthly housing costs (including utilities and insurance) average $1,467.

Rent-to-income ratio: 22.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.

Income and Employment

The median household income in Parkville, MD is $78,405. The unemployment rate stands at 4.6%, with a labor force of 17,039 people.

Other Cities in Maryland

Baltimore, MD → Columbia, MD → Germantown, MD → Waldorf, MD → Silver Spring, MD → Frederick, MD → Ellicott City, MD → Glen Burnie, MD →

Data Sources

All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.

Verify at data.census.gov