How much rent can you afford in College Park, MD?
Run your salary against College Park's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in College Park
At a median rent of $2,016/mo, College Park is moderately stretched when measured against College Park median household income of $69,721/yr. Rent would consume roughly 35% of pre-tax income, and a salary of about $80,640 keeps rent at the recommended 30% threshold.
How College Park compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in College Park?
On a $69,721 salary (the College Park median household income), the recommended ceiling is 30% of pre-tax income, or about $1,743/mo. College Park's median rent is $2,016/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in College Park?
To keep College Park's $2,016/mo median rent under 30% of income, you'd need about $80,640/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is College Park affordable on the median Maryland income?
College Park is moderately stretched on a $69,721 income. Rent would take 35% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".