Affordable Places to Live in Maryland

Relocating to Maryland might seem daunting due to the cost of living, but there are many options that challenge this expectation. It does come with its challenges, such as a high cost of living, particularly near Washington D.C. and Baltimore. Housing can be expensive, traffic congestion is common, and the state experiences harsh winters and humid summers

In 2024, Maryland ranked as the 16th safest U.S. state, with a violent crime rate of 5.3 and property crime at 17.4 per 1,000 people. Only 32% feel safe, and it ranks 22nd in emergency preparedness and 20th in financial safety. While natural disaster risks are low, flooding and severe weather occur. Despite mixed rankings, cities like Bowie and Frederick are among the safest.

Let's explore some of the most budget-friendly places to call home in the Old Line State.

Maryland seamlessly blends urban vibrancy with suburban tranquility and rural charm. Here's why it stands out as an excellent choice for affordable living:

• Proximity to Major Cities: Many affordable towns are just a short drive or train ride away from Baltimore and Washington, D.C., offering access to urban amenities without the hefty price tag.

• Diverse Landscapes: From coastal towns along the Chesapeake Bay to mountainous regions in the west, Maryland's varied geography caters to a range of lifestyles.

• Robust Job Market: The state's economy is bolstered by sectors like biotechnology, healthcare, and education, providing ample employment opportunities.

• Quality of Life: With top-rated schools, abundant recreational activities, and a strong sense of community, Maryland ensures a high quality of life for its residents.

Save up to 1.5% at closing when you buy

Get pre-approval and save on your home purchase with reAlpha.

Explore Homes

Before making a move, it's essential to grasp the cost of living in Maryland. Here's a snapshot:

• Median Home Price: Approximately $446,800 statewide.

• Average Rent for a One-Bedroom Apartment: Around $1,500 per month.

• Utilities: Monthly utilities average about $150, covering electricity, heating, cooling, water, and garbage.

• Transportation: Public transportation costs vary, but a monthly pass averages around $70.

• Groceries: Expect to spend approximately $300-$400 monthly for a household of two.

While these figures provide a general overview, several Maryland towns and cities offer more affordable living options.

Here are some of the most budget-friendly places to live in Maryland:

Cumberland is a city in the state of Maryland, located in the Appalachian region, known for its historic charm and outdoor recreational opportunities. It serves as a hub for regional commerce and transportation.

• Home Prices: Home prices in Cumberland are generally lower than the national average, making it an affordable option for buyers compared to larger cities.

• Cost of Living: The cost of living in Cumberland is relatively low, with affordable housing, utilities, and daily expenses, providing a budget-friendly lifestyle.

• Job Availability: Job opportunities in Cumberland are diverse, with key sectors including healthcare, education, and retail, but the job market can be more limited compared to metropolitan areas.

Hagerstown is a city in western Maryland, known for its rich history, vibrant arts scene, and proximity to major highways, making it a gateway to the region. It's also home to several parks and a growing downtown area.

• Home Prices: Home prices in Hagerstown are generally affordable, offering a lower cost of entry compared to nearby cities like Washington, D.C. or Baltimore.

• Cost of Living: The cost of living in Hagerstown is lower than the national average, with relatively inexpensive housing, utilities, and transportation costs.

• Job Availability: Job availability in Hagerstown includes positions in healthcare, manufacturing, retail, and logistics, with proximity to larger cities offering additional employment opportunities.

Salisbury is a city located on Maryland's Eastern Shore, known for its coastal charm, historical significance, and vibrant cultural scene. It serves as the economic and educational hub of the region, with Salisbury University being a key institution.

• Home Prices: Home prices in Salisbury are relatively affordable, making it an attractive option for homebuyers looking for value compared to major metropolitan areas.

• Cost of Living: The cost of living in Salisbury is below the national average, with lower housing costs, utilities, and everyday expenses, providing a more economical lifestyle.

• Job Availability: Job opportunities in Salisbury are centered around education, healthcare, retail, and government, with Salisbury University and local medical facilities being major employers in the area.

Dundalk is a suburb of Baltimore, located in Maryland, known for its industrial roots, close proximity to the Inner Harbor, and vibrant residential communities. It's a diverse area with a mix of urban amenities and suburban comfort.

• Home Prices: Home prices in Dundalk are generally more affordable than in central Baltimore, making it a popular choice for buyers seeking lower-cost housing near the city.

• Cost of Living: The cost of living in Dundalk is relatively low, with affordable housing, transportation, and everyday expenses compared to larger cities, making it an economical option for many.

• Job Availability: Dundalk offers job opportunities in manufacturing, retail, healthcare, and logistics, with easy access to Baltimore’s job market further expanding employment prospects.

Glen Burnie is a suburb of Baltimore, Maryland, known for its family-friendly atmosphere, convenient location, and strong community focus. It offers a mix of residential areas, shopping centers, and recreational parks.

• Home Prices: Home prices in Glen Burnie are generally affordable compared to neighboring areas, making it an attractive option for homebuyers looking for value near Baltimore.

• Cost of Living: The cost of living in Glen Burnie is reasonable, with affordable housing, utilities, and daily expenses, offering a good balance of suburban living with access to urban amenities.

• Job Availability: Glen Burnie provides job opportunities in retail, healthcare, and government sectors, with proximity to Baltimore expanding options in various industries.

Save up to 1.5% at closing when you buy

Save up to 1.5% at closing when you combine real estate and mortgage services with reAlpha.

Unlock your savings

If homeownership is your goal, consider these budget-friendly locations:

Frostburg is a small city in western Maryland, nestled in the Appalachian Mountains, known for its historic downtown, scenic beauty, and proximity to state parks. It’s home to Frostburg State University, which contributes to the town's vibrant atmosphere.

• Home Prices: Home prices in Frostburg are relatively affordable, with lower costs compared to urban centers, making it an attractive option for those seeking affordable housing in a scenic area.

• Cost of Living: The cost of living in Frostburg is lower than the national average, with affordable housing, utilities, and daily expenses, making it a budget-friendly place to live.

• Job Availability: Job opportunities in Frostburg are centered around education, healthcare, retail, and government, with Frostburg State University being a major local employer, along with nearby industries and businesses.

Cambridge is a historic city located on the Eastern Shore of Maryland, known for its waterfront charm, rich history, and access to outdoor activities. It offers a blend of old-world architecture and modern amenities, making it a popular destination for both residents and tourists.

• Home Prices: Home prices in Cambridge are relatively affordable, especially compared to larger cities on the East Coast, offering a good value for those looking for a historic and picturesque setting.

• Cost of Living: The cost of living in Cambridge is lower than the national average, with reasonably priced housing, utilities, and daily expenses, making it an attractive choice for those seeking a budget-friendly lifestyle.

• Job Availability: Job opportunities in Cambridge are focused in industries such as healthcare, education, retail, and tourism, with the city’s waterfront and local businesses providing key employment options.

Aberdeen is a city in Harford County, Maryland, located along the Chesapeake Bay, known for its strategic location, historical significance, and growing residential and commercial development. It offers a blend of suburban living with easy access to major cities like Baltimore and Washington, D.C.

• Home Prices: Home prices in Aberdeen are relatively affordable compared to nearby urban areas, making it an attractive option for homebuyers seeking value with access to metropolitan amenities.

• Cost of Living: The cost of living in Aberdeen is moderate, with affordable housing, utilities, and other daily expenses, while still offering a convenient location for commuters.

• Job Availability: Job opportunities in Aberdeen are diverse, with key sectors including defense, logistics, manufacturing, healthcare, and retail, due in part to the presence of the Aberdeen Proving Ground military facility and its surrounding industries.

Maryland offers various programs to assist residents in securing affordable housing:

• Maryland Mortgage Program (MMP): Provides down payment assistance and competitive interest rates for first-time homebuyers.

• Rental Assistance Programs: Initiatives like the Rental AllowanceProgram (RAP) help low-income families afford rent in Maryland.

• Maryland SmartBuy 3.0: A unique program that assists homebuyers with student loan debt by allowing them to purchase homes while eliminating their educational debt.

• Housing Choice Voucher Program: Administered by local housing authorities, this program helps eligible low-income families, seniors, and individuals with disabilities afford safe and decent housing.

• Baltimore Affordable Housing Programs: Baltimore City offers specific initiatives like the Vacants to Value program, which revitalizes neighborhoods by offering financial incentives for purchasing and renovating vacant homes. (maryland.gov)

With reAlpha, you get a significant portion of the buyer agent commission back while also gaining access to AI-powered insights on affordability, timing, and market trends.

Sign up free with reAlpha today

Maryland is a great place to live, offering affordable cities, charming small towns, and commuter-friendly areas with access to major job markets. With a strong economy and various housing assistance programs, it provides excellent opportunities for homebuyers and renters alike.

As housing costs continue to rise, affordability remains a key concern. reAlpha is making homeownership more accessible by reducing purchase costs by 3%, helping buyers find their ideal home at a lower price.

If you're searching for an affordable home in Maryland, this guide will help you explore the best options. Start your journey to homeownership today!