Median rent is 19% lower in New York ($1,779/mo vs $2,206/mo). Buying is cheaper in Elkridge, where the median home runs $438,200 versus $751,700. Households earn more in Elkridge ($135,412 vs $79,713 a year).
City A
Elkridge, MD
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Elkridge, MD?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Elkridge
Maryland
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in New York at $1,779/mo compared to $2,206/mo in Elkridge (19% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $438,200 in Elkridge — 42% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Maryland's top income tax rate is 5.75% versus 10.90% in New York, so Elkridge is more tax-friendly for high earners. Sales tax is 6.00% in Maryland and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Elkridge
Income tax: 5.75%
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Elkridge.
Pick Elkridge if you prioritize higher median household income ($135,412/yr).
Pick New York if you prioritize cheaper rent ($1,779/mo median).
Pick Elkridge if you prioritize lower state income tax (5.75%).
Is Elkridge cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Elkridge vs New York?
Median rent is $2,206/mo in Elkridge, MD and $1,779/mo in New York, NY. New York, NY has the lower rent by about 19%.
Which has higher salaries — Elkridge or New York?
Median household income is $135,412 in Elkridge, MD and $79,713 in New York, NY. Elkridge, MD has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Elkridge or New York?
Maryland's top income tax rate is 5.75% and New York's is 10.90%. Elkridge, MD has the lower rate.
What salary do I need in New York to match my Elkridge income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology