Living in Towson, Maryland
Cost of living, income, home prices, rent and demographics of Towson · Census data 2020–2024
Towson has 58,679 residents with a median age of 33.6. The median household income is $101,320 (about the same as the Maryland median), the median home value is $469,000, the median rent is $1,764/month.
Towson at a glance
- Population
- 58,679
- Median age
- 33.6State: 39.4
- Median household income
- $101,320State: $103,678
- Median home value
- $469,000State: $419,900
- Median rent
- $1,764/moState: $1,705
- Homeowners
- 55.6%
- Bachelor's degree or higher
- 69.3%
- Average commute
- 25 min
Is Towson a good place to live?
Pros: An average commute of 25 minutes; unemployment of 4.8%.
Cons: Median household income about the same as the Maryland median; home values 12% higher than the state median; a poverty rate of 12.1%.
The weather is best in May–June and August–September.
Cost of living in Towson
Housing is the biggest part of the cost of living. In Towson the median home value is $469,000, 41% higher than the U.S. median. Renters pay a median of $1,764 per month, which is 32.8% of household income. Homeowners with a mortgage pay $2,520 a month in housing costs.
Towson median household income
The median household income in Towson is $101,320 and the income per person is $61,912. 12.1% of residents live below the poverty line (Maryland: 9.4%).
Housing in Towson: homes for sale and rent
- Housing units
- 24,871
- Owner-occupied
- 55.6%
- Renter-occupied
- 44.4%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.21
Towson demographics
- Population
- 58,679
- Median age
- 33.6
- Under 18
- 17.8%
- 65 and older
- 18%
- Households
- 23,262
- Foreign-born
- 10.6%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Towson ›
Education in Towson
69.3% of adults 25 and older in Towson have a bachelor's degree or higher (Maryland: 43.4%), and 35.8% have a graduate or professional degree.
Jobs and commute in Towson
- Unemployment rate
- 4.8%State: 4.9%
- Average commute
- 25 minState: 31 min
- Work from home
- 23.3%
- Drive alone
- 61.7%
- Public transit
- 2%
- Walk to work
- 5.2%
- Homes with broadband
- 92.4%
Towson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Towson | 58,679 | $101,320 | $469,000 | $1,764 |
| Lutherville | 6,574 | $113,563 | $443,900 | $1,423 |
| Timonium | 10,304 | $119,863 | $480,800 | $1,836 |
| Parkville | 30,549 | $79,178 | $260,400 | $1,526 |
| Hampton | 5,372 | $170,688 | $615,300 | — |
| Mays Chapel | 16,066 | $126,996 | $464,800 | $1,739 |
| Pikesville | 33,524 | $98,465 | $434,500 | $1,707 |
| Carney | 28,343 | $83,620 | $319,700 | $1,793 |
| Overlea | 13,035 | $88,841 | $263,900 | $1,473 |
More for people moving to Towson
Towson ZIP code ›Weather and climate ›Living in Towson: FAQ
What is the median household income in Towson, MD?
The median household income in Towson is $101,320, about the same as 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 Towson?
The median home value in Towson is $469,000, compared with $419,900 in Maryland.
How much is rent in Towson?
The median gross rent in Towson is $1,764 per month, about 32.8% of household income.
Is Towson, MD a good place to live?
Pluses: an average commute of 25 minutes; unemployment of 4.8%. Minuses: median household income about the same as the Maryland median; home values 12% higher than the state median; a poverty rate of 12.1%.
What is the median age in Towson?
The median age in Towson is 33.6 years (Maryland: 39.4).
How long is the commute in Towson?
The average commute to work in Towson is 25 minutes; 23.3% of workers work from home.
What is the unemployment rate in Towson?
The unemployment rate in Towson is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Towson?
69.3% of adults in Towson 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.
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