Taneytown, MD Cost of Living


2 Reviews



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How much do I need to live in Taneytown, Maryland?
$5,370 / month
for a family, 0.6% less expensive than the national average A total of $64,440 for the year for a family.
$3,233 / month
for a single person, 32.2% less expensive than the national average A total of $38,800 for the year for a single person.

Taneytown cost of living score
113
More expensive
13.0% higher
than the US average
1.1% higher
than the Maryland average
Taneytown, Maryland gets a BestPlaces Cost of Living score of 113, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 13.0% higher than the U.S. average and 1.1% lower than the average for Maryland.

Taneytown, MD

Housing costs in Taneytown?
A typical home costs $335,400, which is 0.8% less expensive than the national average of $338,100 and 13.6% less expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Taneytown costs $1,190 per month, which is 16.8% cheaper than the national average of $1,430 and 36.1% cheaper than the state average of $1,620.

Can I afford Taneytown?
To live comfortably in Taneytown, Maryland, a minimum annual income of $64,440 for a family, and $38,800 for a single person is recommended.

What does A.I. say about Taneytown?
The cost of living in Taneytown, MD is relatively affordable. The average home price is around $207,000, which is lower than the national average. Rent prices are also generally lower than nearby cities and towns. On top of that, the taxes in Taneytown are reasonably low compared to many other areas. This means that families and individuals can enjoy a higher quality of life for less money. Additionally, goods and services in Taneytown tend to be cheaper than those in more densely populated areas, making it an attractive place to live for those seeking a good deal on their expenses.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesTaneytownMarylandUnited States
    Unlock111.8100.0
  101.5  Unlock100.0
    Unlock84.2100.0
  107.4  Unlock100.0
    Unlock$388,100$338,100
  105.6  Unlock100.0
    Unlock119.3100.0
  120.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Taneytown
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Over 19 years ago

Wonderfull Parks, great neighbors, and a Main St community. Employment is good but cost of living and housing are very high. The local Library may be small but the  More

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Over 19 years ago

Having lived in various areas throughout Maryland, I can say that Maryland supports its equestrian community fully. From showing to trails, Maryland offers an  More

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