Cost of Living in Towson, MD

Population: 57,683 • 2026 Data

$100,481
Median Household Income
+30% vs national
$1,784
Median Monthly Rent
+32% vs national
$445,100
Median Home Value
+31% vs national
4.7%
Unemployment Rate

Housing in Towson

The median home value in Towson, MD is $445,100. Monthly rent for a typical unit averages $1,784, while total monthly housing costs (including utilities and insurance) average $1,793.

Rent-to-income ratio: 21.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.

Income and Employment

The median household income in Towson, MD is $100,481. The unemployment rate stands at 4.7%, with a labor force of 30,763 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