College Park, MD

Yes — College Park is about 22% more expensive than the national average, with an overall Cost Index of 122. Housing is the biggest factor: the typical home here is valued around $431,271, and monthly rents average roughly $1,846. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $1,846, while local median household income is $74,867. That implies a rent-burden proxy of about 30% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Maryland has a progressive state income tax with a top rate of 5.75%. The effective property tax rate is 1.07%. On a home worth $431,271, that translates to roughly $4,615 per year in property taxes. Sales tax (state + local) averages around 6% on everyday purchases.

The typical monthly rent in College Park is around $1,846. That's about 37% higher than the $1,348 national median. For comparison, the median home value here is $431,271, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in College Park is valued at $431,271. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,181/month for principal and interest alone — before property taxes and insurance. About 38% of residents here own their homes.

Grocery prices in College Park are about average compared to the rest of the US (index: 105, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 107). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

College Park is a smaller city with a population of about 34,397. The median age of residents is 21.6, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 29.32%, above the national average of 12.4%.