Moving to
Eldersburg.

All Eldersburg data Compare Eldersburg

31,695people live here $142,954median household income▲ 77% above US $1,705median rent per month▲ 21% above US $494,300median home value▲ 49% above US

Eldersburg is an unincorporated community in Carroll County, MD. It has no city government: the county runs it, and the Census counts it as its own place.

What it's like to live in Eldersburg

Eldersburg is an unincorporated community in Maryland with county unemployment below the national average, household incomes running above the national average, a highly educated workforce, and schools with class sizes near the national average. Those factors carry real weight for anyone weighing where to move next.

The tradeoffs are worth naming plainly. Eldersburg deals with rent well above the national average, home prices well above the national average, commute times longer than most cities, and cold winters.

The good

Low unemployment in the county
Higher-than-average incomes
Highly educated workforce
Average class sizes

The not so good

Rent well above the national average
High home prices
Above-average commute times
Cold winters

How Eldersburg compares

Median household income

Eldersburg$142,954

Maryland avg$103,678

US$80,734

Median rent (per month)

Eldersburg$1,705

Maryland avg$1,705

US$1,413

Median home value

Eldersburg$494,300

Maryland avg$419,900

US$332,700

What it takes to move to Eldersburg

Based on Eldersburg's median rent, home value and household income

To rent

$3,410

up front: first month plus a typical one-month deposit

Income to keep rent under 30%: $68,200 a year
39% of Eldersburg renters spend 30% or more of their income on rent

To buy

$98,860

a 20% down payment on the median home

With 10% down: $49,430
Homes cost 3.5× the typical local household income (US: 4.1×)

Moving costs, closing costs and taxes not included.

The details

Cost of living▲ 21% above US

$1,705/mo median rent

Rent runs on the higher side, at $1,705 a month median. Whether that premium makes sense usually comes down to the local job market and what it pays. Home prices are steep, with a median around $494,300. Renting first to get a feel for the city before buying is often the more practical route.

Median home value $494,300 · 39% of renters cost-burdened

Job market

3.1% county unemployment

Unemployment in Carroll County is 3.1%, a little below the national average of 4.3%. That's the county-wide rate; BLS doesn't measure a place this size on its own.

Carroll County (county-wide)

Getting around▲ 32% above US

34 min average commute

Traffic is a real factor here. The 34.2 minute average means plenty of commuters are pushing 45 to 60 minutes on a bad day. Proximity to work matters more here than it might elsewhere. 8 in 10 workers drive to work; 22% work from home.

How workers get to work

Drive alone

73%

Work from home

22%

Carpool

3.0%

Walk

1.0%

Other

0.6%

Public transit

0.2%

Climate

Summers are warm, with highs around 82°F, and winters are cold, with lows around 27°F and snow a regular occurrence. Rainfall is regular throughout the year.

Average month

High °FLow °FPrecip (in)

30-year averages, 1991–2020

Healthcare

1 hospital

There's one Medicare-certified hospital inside city limits. Hospitals in neighboring towns aren't counted here.

Medicare-certified hospitals

Education & workforce▲ 47% above US

53% bachelor's degree or higher

This is a highly educated city, with over half the adult population holding a college degree. That tends to shape the job market and the broader culture, and it's a solid indicator of a strong professional scene.

Schools

8 public schools inside the boundary

There are 8 public schools inside the boundary and 1 private school. The student-to-teacher ratio is 16:1, close to the national average of 16:1.

Parks & recreation

The nearest national park or historic site is Hampton National Historic Site (19 miles away). There are 8 national parks and sites within a day's drive.

Bottom line

Eldersburg's strongest points are county unemployment below the national average and household incomes running above the national average; the main tradeoffs are rent well above the national average and home prices well above the national average. A year of median rent ($1,705/mo) equals 14% of the median household income here, less than the 21% typical nationwide. It tends to suit job seekers (county-wide unemployment is low), remote workers (22% of workers here already work from home), and college-educated professionals. It may be a harder fit for people who dread long commutes.

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