Cost of Living in Bel Air, MD

With a cost of living index of 75, Bel Air, MD is a very affordable place to live. Living here is 25% cheaper than the national average and 44% below the Maryland state average of 119. Bel Air is a small community of 1,894 residents.

Housing costs are the biggest factor in Bel Air's cost of living. The median monthly rent is $761 (42% below the US median of $1,319), and the median home value sits at $189,700 (38% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Bel Air is $87,636, which is 17% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Bel Air. The area sees an average annual temperature of 54.1°F, with summers averaging 74°F and winters around 34°F. Annual rainfall totals 39 inches spread over roughly 121 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.