Cost of Living in Denton, MD

With a cost of living index of 86, Denton, MD is a very affordable place to live. Living here is 14% cheaper than the national average and 33% below the Maryland state average of 119. Denton is a small community of 4,879 residents.

Housing costs are the biggest factor in Denton's cost of living. The median monthly rent is $995 (25% below the US median of $1,319), and the median home value sits at $234,700 (23% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Denton is $63,769, which is 15% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Denton. The area sees an average annual temperature of 57.6°F, with summers averaging 76°F and winters around 39°F. Annual rainfall totals 43.9 inches spread over roughly 132 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.