Ellicott City is listed amongst America's most affluent communities and is located in Howard County, the third wealthiest county in the United States according to the U.S. Census Bureau. State Farm Mutual Auto Insurance and Apollo Management Lp are major financial services in Ellicott City. The average income is $108,996 per year. The average cost of a house is $484,500 and the average rent is $1,500 per month.