Drum Point, MD
Discover how far your salary goes in Drum Point. Compare taxes, rent, and living costs.
2,553
5.8%
$1,547
/month
+11%
above avg
How far would your salary go in Drum Point?
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Rent Prices in Drum Point
Studio
$1,238
/month
$14,856/year
1 Bedroom
$1,547
/month
$18,564/year
2 Bedroom
$2,088
/month
$25,056/year
3 Bedroom
$2,707
/month
$32,484/year
Taxes in Maryland
State Income Tax
Maryland
For a $100k salary, that's ~$5,750/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Drum Point, MD?▼
Drum Point has a cost of living index of 144, which is 44% above the national average. A 1-bedroom apartment costs around $1,547/month.
What is the state income tax in Maryland?▼
Maryland has a state income tax rate of approximately 5.8%. This is in addition to federal income tax.
How much is rent in Drum Point?▼
The median rent for a 1-bedroom apartment in Drum Point is $1,547/month. For a 2-bedroom, expect to pay around $2,088/month. This is 11% above the national average.
Is Drum Point a good place to live?▼
Drum Point is a small town with a population of 2,553. The cost of living is expensive, making it more expensive than average for the US.
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