Cost of Living in Hyattsville
Hyattsville's cost of living tracks close to Maryland's own statewide housing averages, with a combined city+county property tax rate that runs above both national and state benchmarks.
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Learn moreHousing costs close to Maryland's statewide average
Zillow's average home value ran $402,371 (down 2.6% year-over-year), while Redfin's average house price ran $490,000 (down 2.0% YoY) -- both close to Maryland's own statewide $434,033 Zillow average and $463,449 Redfin median, rather than a distinct affordability advantage within the state.
A combined city+county property tax above national and state averages
Hyattsville property owners pay both the city's own $0.63-per-$100 rate and Prince George's County's rate on the same bill -- a combined FY2024 levy of $1.867 per $100 assessed value (approximately 1.87% effective), above the national median (1.02%) and Maryland's own statewide average (0.95%-1.04%).
A median household income above the national median, with real internal inequality
Hyattsville's median household income ($91,941, 2024) runs above the national median, though a real, disclosed gap to the average household income ($124,591) reflects genuine income inequality within the city.
Prince George's County levies Maryland's maximum local piggyback rate
Maryland's real, 10-bracket state income tax (2%-6.5%) applies statewide, and Prince George's County is one of only three Maryland counties levying the maximum 3.2% local piggyback rate on top of it -- a real combined top marginal rate of approximately 8.95%.
Key takeaways
- Home values ($402,371-$490,000) track close to Maryland's own statewide average rather than offering a distinct discount.
- Combined city+county effective property tax rate (~1.87%) runs above both national and Maryland statewide averages.
- Median household income ($91,941) runs above the national median, with real disclosed internal inequality.
- Prince George's County levies Maryland's maximum 3.2% local piggyback income tax rate.
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