What is the cost of living in Takoma Park, MD?
According to the most recent data on the cost of living, Takoma Park has an overall cost of living index of 156, which is 1.6x higher than the national index of 100.
Compared to Maryland, Takoma Park has a cost of living index that's 1.3x higher than Maryland's index of 121.
The standard of living in Takoma Park ranks as #179 most affordable out of the 195 places we measured in Maryland. By definition, that implies Takoma Park ranks as the #16 most expensive place in the Old Line State.
For more reading on life in Takoma Park, check out:
Takoma Park Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Takoma Park. Here is how it fares on each of the criteria:
The Services index in Takoma Park is 105.
The Groceries index in Takoma Park is 109.
The Health index in Takoma Park is 278.
The Housing index in Takoma Park is 107.
The Transportation index in Takoma Park is 111.
The Utilities index in Takoma Park is 109.
| Living Expense | Takoma Park | Maryland | National Average |
|---|---|---|---|
| Overall | 156 | 121 | 100 |
| Services | 105 | 104 | 100 |
| Groceries | 109 | 107 | 100 |
| Health | 278 | 152 | 100 |
| Housing | 107 | 109 | 100 |
| Transportation | 111 | 108 | 100 |
| Utilities | 109 | 109 | 100 |
Takoma Park Cost Of Living Compared To Maryland Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Maryland, check out:
Protect your home budget Compare home warranties in Takoma Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Takoma Park, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Takoma Park is $686,398.
The Median Rent in Takoma Park is $1,432.
The Median Income in Takoma Park is $108,136.
The Home Value To Income in Takoma Park is 6.3x.
The Rent To Monthly Income in Takoma Park is 0.16x.
| Statistic | Takoma Park | Maryland | United States |
|---|---|---|---|
| Median Home Value | $686,398 | $429,704 | $332,700 |
| Median Rent | $1,432 | $1,705 | $1,413 |
| Median Income | $108,136 | $103,678 | $80,734 |
| Home Value To Income | 6.3x | 4.1x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Takoma Park, MD Costs By Category
Detailed Takoma Park Services costs vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Shampoo | $1.63 | $1.28 |
| Movie | $15.72 | $12.13 |
| Bowling | $24.56 | $18 |
| Haircut | $41.31 | $24.26 |
| Beauty Salon | $73.33 | $45.56 |
Detailed Takoma Park Groceries costs vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.31 | $1.57 |
| Milk | $4.83 | $4.67 |
| Potatoes | $5.15 | $4.93 |
| Pizza | $12.83 | $12.09 |
| Beer | $11.41 | $10.41 |
| Toothpaste | $3.7 | $3.7 |
Detailed Takoma Park Health costs vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Optometrist | $112.83 | $125.68 |
| Doctor | $156.21 | $135.78 |
| Dentist | $135.09 | $113.29 |
Detailed Takoma Park Transportation costs vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Gasoline | $3.37 | $3.46 |
| Tire Balancing | $75.27 | $59.92 |
Detailed Takoma Park Utilities costs vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| All Electricity | $227.7 | $193.99 |
| Phone | $190.71 | $192.25 |
Takoma Park SnackAbility
Cost Of Living In Cities Around Takoma Park
The cost of living varies in the cities and towns around Takoma Park. Here's a quick look at the cost of living in the most populous nearby places:
Silver Spring, MD has a cost of living index of 155, 1.0x Takoma Park.
Olney, MD has a cost of living index of 153, 1.0x Takoma Park.
Chillum, MD has a cost of living index of 127, 0.8x Takoma Park.
| City | Population | Cost Of Living | Vs. Takoma Park |
|---|---|---|---|
| Silver Spring, MD | 81,462 | 155 | 1.0x |
| Olney, MD | 35,797 | 153 | 1.0x |
| Chillum, MD | 34,871 | 127 | 0.8x |
| North Laurel, MD | 25,563 | 137 | 0.9x |
| North Potomac, MD | 23,922 | 176 | 1.1x |
| Langley Park, MD | 21,508 | 118 | 0.8x |
| Hyattsville, MD | 20,966 | 131 | 0.8x |
| Adelphi, MD | 17,395 | 127 | 0.8x |
| Colesville, MD | 14,519 | 145 | 0.9x |
| Kemp Mill, MD | 13,042 | 147 | 0.9x |
