Town12,927 people

Honeygo, MD

Discover how far your salary goes in Honeygo. Compare taxes, rent, and living costs.

Cost Index
146
💰 Expensive
Population

12,927

State Tax

5.8%

1BR Rent

$1,638

/month

vs National

+17%

above avg

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Rent Prices in Honeygo

🏠

Studio

$1,310

/month

$15,720/year

Most Common
🛏️

1 Bedroom

$1,638

/month

$19,656/year

🏡

2 Bedroom

$2,211

/month

$26,532/year

🏘️

3 Bedroom

$2,867

/month

$34,404/year

Taxes in Maryland

State Income Tax

Maryland

5.8%

For a $100k salary, that's ~$5,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Honeygo, MD?

Honeygo has a cost of living index of 146, which is 46% above the national average. A 1-bedroom apartment costs around $1,638/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 Honeygo?

The median rent for a 1-bedroom apartment in Honeygo is $1,638/month. For a 2-bedroom, expect to pay around $2,211/month. This is 17% above the national average.

Is Honeygo a good place to live?

Honeygo is a town with a population of 12,927. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Honeygo

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