State Comparison
Maryland vs Virginia
Side-by-side comparison of 16 financial metrics using documented public datasets and estimates, with sources listed below.
Overall Score
Cost of Living
Housing
Taxes
Income & Employment
Business
Insurance & Living
Key Takeaways
- 1
Virginia leads in 12 of 16 financial metrics, making it the more favorable state overall.
- 2
Housing: Median home prices are $436,000 in Maryland vs $420,000 in Virginia — a $16,000 difference.
- 3
Taxes: Maryland has a 6.5% top income tax rate while Virginia has a 5.75% top rate. Property tax rates are 0.92% vs 0.78%.
- 4
Cost of Living: Maryland's index is 121.1 and Virginia's is 99.1 (national average = 100).
Run the Numbers
Use our free calculators with real Maryland and Virginia data to model your specific scenario.
Frequently Asked Questions
Is Maryland or Virginia more affordable?
Virginia has a lower cost of living index (99.1) compared to Maryland (121.1), where 100 is the national average. However, affordability depends on your specific situation — compare housing, taxes, and income together for a complete picture.
Which state has lower taxes — Maryland or Virginia?
It depends on what you earn, spend, and own — the three rates below apply to different bases (income, purchases, and home value), so they cannot be added into a single burden figure. On the headline rates alone, Virginia is lower on more of them. Maryland has a 6.5% top income tax, 6% state sales tax, and a 0.92% effective property tax rate. Virginia has a 5.75% top income tax, 5.3% state sales tax, and a 0.78% effective property tax rate.
What are housing costs in Maryland vs Virginia?
The typical home value in Maryland is $436,000 compared to $420,000 in Virginia (Zillow Home Value Index, June 2026). For renters, HUD's FY2026 Fair Market Rent for a 2-bedroom unit — the 40th-percentile gross rent, not an average — is $1,955/month in Maryland vs $1,735/month in Virginia.
Which state is better for starting a business — Maryland or Virginia?
LLC filing costs are $100 in Maryland vs $100 in Virginia, with annual fees of $300 and $50 respectively. Maryland's 6.5% top tax rate compared to Virginia's 5.75% rate may also factor into your decision.
Should I move from Maryland to Virginia?
It depends on your priorities. Virginia wins in 12 of 16 metrics we compared. Use our free calculators to model your specific financial scenario — including salary, property tax, and cost of living for each state.
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Related Comparisons
Comparing Maryland and Virginia
When deciding between living in Maryland or Virginia, the financial picture goes beyond just one metric. This comparison analyzes 16 key financial indicators drawn from the U.S. Census Bureau (American Community Survey), the Tax Foundation, HUD Fair Market Rents, Zillow's Home Value Index, the NAIC's insurance databases, the U.S. Department of Labor, C2ER's Cost of Living Index, and state agencies, to give you a comprehensive overview.
Maryland (MD) has a median household income of $102,905 with a cost of living index of 121.1. Virginia (VA) has a median household income of $92,090 with a cost of living index of 99.1. Income figures are Census ACS 1-year estimates (table B19013, 2024); the cost-of-living index is C2ER's Q1 2026 survey via MERIC, where 100 is the national average of surveyed cities.
These numbers are estimates. Individual circumstances vary based on location within each state, family size, profession, and lifestyle. Use our free Maryland calculator or Virginia calculator to model your specific financial scenario.
Sources per metric are named in each row's note above. Last reviewed . Some values are estimates; consult a qualified professional for financial advice.