2024 Toyota Tacoma Cost in Maryland
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$58,910
Monthly Equivalent
$982
Sales Tax
6%
Annual Insurance
$2,101
Complete Cost Breakdown
Total Cost of Ownership
$58,910
Over 5 years in Maryland
Monthly Equivalent
$982/mo
12,000 miles/year
Purchase Price
$32,420
Sales Tax
$1,945
6% in Maryland
Registration
$925
5 years
Insurance
$10,505
$2,101/year
Fuel
$10,145
$2,029/year
Maintenance
$2,970
$594/year avg
Estimated Depreciation
$15,562
Your 2024 Toyota Tacoma will lose approximately $15,562 in value over 5 years
Vehicle Type
Pickup
Fuel Economy
21 MPG combined
Reliability Rating
4.5/5.0
Maryland Vehicle Costs
Sales Tax Rate
6%
State: 6% + Local: 0%
Avg Insurance
$1,910
Ranked #10 of 50 states
Registration Fee
$185
Per year (average)
Gas Price
$3.55
Per gallon
Frequently Asked Questions
What is the total cost of owning a 2024 Toyota Tacoma in Maryland?
The total 5-year ownership cost is approximately $58,910, which includes the purchase price ($32,420), sales tax (6%), insurance (avg $1,910/year), fuel, maintenance, and registration fees.
How much is insurance for a Tacoma in Maryland?
The average annual insurance cost in Maryland is $1,910. For this Tacoma, the estimated annual insurance is $2,101, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Maryland?
In Maryland, the average annual vehicle registration fee is $185. This may vary based on the vehicle's age, weight, and value.
Is a Tacoma expensive to maintain?
The 2024 Toyota Tacoma has a 5-year maintenance cost of approximately $2,970, with a reliability rating of 4.5/5.0, making it very reliable.
Customize Your Calculation
Calculate Ownership Cost
MSRP: $32,420 • Pickup
Sales Tax: 6% • Insurance Avg: $1,910/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year