Towson, MD
Discover how far your salary goes in Towson. Compare taxes, rent, and living costs.
59,553
5.8%
$1,820
/month
+30%
above avg
How far would your salary go in Towson?
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Rent Prices in Towson
Studio
$1,456
/month
$17,472/year
1 Bedroom
$1,820
/month
$21,840/year
2 Bedroom
$2,457
/month
$29,484/year
3 Bedroom
$3,185
/month
$38,220/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 Towson, MD?▼
Towson has a cost of living index of 150, which is 50% above the national average. A 1-bedroom apartment costs around $1,820/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 Towson?▼
The median rent for a 1-bedroom apartment in Towson is $1,820/month. For a 2-bedroom, expect to pay around $2,457/month. This is 30% above the national average.
Is Towson a good place to live?▼
Towson is a small city with a population of 59,553. The cost of living is expensive, making it more expensive than average for the US.
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