Median one-bedroom rent across the cities we track is $1,418 in Maryland versus $857 in New York. Overall, New York runs roughly 40% cheaper on rent than Maryland, its main day-to-day cost driver.
Median household income across tracked cities is $95,150 in Maryland and $48,050 in New York — about 50% higher in Maryland. Maryland has a top state income tax rate of 6.50% and a 6% state sales tax; New York has a top state income tax rate of 10.90% and a 4% state sales tax.
State Taxes
Sales Tax
6%
4%
+2.0 pp in Maryland
Income Tax (top rate)
6.50%
10.90%
+4.4 pp in New York
Housing (median across tracked cities)
Median 1BR Rent
$1,418
$857
+40% in Maryland
Median Home Value
$365,200
$152,300
+58% in Maryland
Income (median across tracked cities)
Median Household Income
$95,150
$48,050
+50% in Maryland
Climate (median across tracked cities)
Avg Annual Temperature
57.1°F
48.3°F
+8.8°F in Maryland
Maryland vs New York — FAQ
- Is it cheaper to live in Maryland or New York?
- New York is cheaper on rent — its median one-bedroom of $857 runs about 40% below Maryland's $1,418, based on the cities we track in each state.
- How much more do you need to earn to live in Maryland than in New York?
- To keep rent near the recommended 30% of gross income, based on median rent across tracked cities, you'd want to earn roughly $57,000 a year in Maryland versus $34,000 in New York.
- Which has lower taxes, Maryland or New York?
- Maryland has a top state income tax rate of 6.50% and a 6% state sales tax. New York has a top state income tax rate of 10.90% and a 4% state sales tax.
Housing, income, and climate are medians across the 3/3 cities we track in Maryland/New York — not population-weighted statewide figures. Taxes are exact state-level rates. Sources: US Census Bureau, ACS 5-Year; NOAA Climate Normals 1981–2010; Tax Foundation 2026.