Living in Takoma Park, Maryland
Cost of living, income, home prices, rent and demographics of Takoma Park · Census data 2020–2024
Takoma Park has 17,632 residents with a median age of 41.3. The median household income is $108,136 (4% higher than the Maryland median), the median home value is $749,200, the median rent is $1,432/month.
Takoma Park at a glance
- Population
- 17,632
- Median age
- 41.3State: 39.4
- Median household income
- $108,136State: $103,678
- Median home value
- $749,200State: $419,900
- Median rent
- $1,432/moState: $1,705
- Homeowners
- 54.2%
- Bachelor's degree or higher
- 61.7%
- Average commute
- 34 min
Is Takoma Park a good place to live?
Pros: Median household income 4% higher than the Maryland median; unemployment of 4.9%; a poverty rate of 9.1%.
Cons: Home values 78% higher than the state median; an average commute of 34 minutes.
The weather is best in May–June and August–September.
Cost of living in Takoma Park
Housing is the biggest part of the cost of living. In Takoma Park the median home value is $749,200, 125% higher than the U.S. median. Renters pay a median of $1,432 per month, which is 32.6% of household income. Homeowners with a mortgage pay $3,210 a month in housing costs.
Takoma Park median household income
The median household income in Takoma Park is $108,136 and the income per person is $61,527. 9.1% of residents live below the poverty line (Maryland: 9.4%).
Housing in Takoma Park: homes for sale and rent
- Housing units
- 7,242
- Owner-occupied
- 54.2%
- Renter-occupied
- 45.8%
- Vacant
- 4.4%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.52
Takoma Park demographics
- Population
- 17,632
- Median age
- 41.3
- Under 18
- 27.1%
- 65 and older
- 14.9%
- Households
- 6,926
- Foreign-born
- 28.7%
- Veterans
- 2.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Takoma Park ›
Education in Takoma Park
61.7% of adults 25 and older in Takoma Park have a bachelor's degree or higher (Maryland: 43.4%), and 40% have a graduate or professional degree.
Jobs and commute in Takoma Park
- Unemployment rate
- 4.9%State: 4.9%
- Average commute
- 34 minState: 31 min
- Work from home
- 36%
- Drive alone
- 38.3%
- Public transit
- 13.8%
- Walk to work
- 2.5%
- Homes with broadband
- 94.6%
Takoma Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Takoma Park | 17,632 | $108,136 | $749,200 | $1,432 |
| Langley Park | 21,508 | $85,321 | $357,200 | $1,707 |
| Chillum | 34,871 | $79,864 | $393,600 | $1,735 |
| Silver Spring | 81,462 | $99,860 | $643,300 | $1,913 |
| Adelphi | 17,395 | $82,137 | $425,200 | $1,804 |
| Hyattsville | 20,966 | $91,941 | $481,500 | $1,835 |
| Four Corners | 8,150 | $203,125 | $620,400 | $2,554 |
| University Park | 2,698 | $207,500 | $635,100 | $3,200 |
| Mount Rainier | 8,245 | $68,505 | $529,600 | $1,457 |
More for people moving to Takoma Park
Takoma Park ZIP code ›Weather and climate ›Living in Takoma Park: FAQ
What is the median household income in Takoma Park, MD?
The median household income in Takoma Park is $108,136, 4% higher than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Takoma Park?
The median home value in Takoma Park is $749,200, compared with $419,900 in Maryland.
How much is rent in Takoma Park?
The median gross rent in Takoma Park is $1,432 per month, about 32.6% of household income.
Is Takoma Park, MD a good place to live?
Pluses: median household income 4% higher than the Maryland median; unemployment of 4.9%; a poverty rate of 9.1%. Minuses: home values 78% higher than the state median; an average commute of 34 minutes.
What is the median age in Takoma Park?
The median age in Takoma Park is 41.3 years (Maryland: 39.4).
How long is the commute in Takoma Park?
The average commute to work in Takoma Park is 34 minutes; 36% of workers work from home.
What is the unemployment rate in Takoma Park?
The unemployment rate in Takoma Park is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Takoma Park?
61.7% of adults in Takoma Park have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: