Cost of Living in Towson
Towson's cost of living centers on genuinely moderate Baltimore-metro housing costs, layered onto Baltimore County's own property and piggyback income tax rates.
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Learn moreModerate housing costs for the Baltimore metro
Towson's average home value ran $458,024 per Zillow (up 1.7% YoY) -- a real, disclosed cross-source spread ran as high as $483,274 depending on the specific boundary.
Baltimore County's property and income tax rates
Baltimore County's effective property tax rate ran a real, disclosed 1.07%, close to Maryland's statewide figure, while its local piggyback income tax rate ran 3.2% this pass, matching the state maximum.
Above-national median household income
Towson's real, disclosed median household income ($90,951) runs well above the national median, helping offset the area's cost structure for many households.
Key takeaways
- Towson's housing costs run genuinely moderate for the Baltimore metro.
- Baltimore County's effective property tax rate (1.07%) and piggyback income tax rate (3.2%) both apply.
- Towson's above-national median household income helps offset its cost structure.
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