Takoma Park, MD Cost Of Living
Takoma Park's Overall Cost Of Living
Higher Than The National Average
In Maryland
In America
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 151 which is 1.5x higher than the national index of 100.
Compared to only Maryland, Takoma Park has a cost of living index that's 1.3x higher than Maryland's index of 120.
The standard of living in Takoma Park ranks as #5,864 most affordable out of the 6,418 places we measured in Maryland. By definition, that implies Takoma Park ranks as the #555 most expensive place in the Old Line State.
Takoma Park Cost Of Living Vs. Maryland
| Living Expense | Takoma Park | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 151 | 120 | 100 | |
| Services | 123 | 111 | 100 | |
| Groceries | 116 | 114 | 100 | |
| Health | 91 | 84 | 100 | |
| Housing | 228 | 151 | 100 | |
| Transportation | 107 | 109 | 100 | |
| Utilities | 113 | 108 | 100 | |
Takoma Park, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
| Statistic | Takoma Park | Maryland | United States |
|---|---|---|---|
| Median Home Value | $611,400 | $325,400 | $229,800 |
| Median Rent | $1,156 | $1,415 | $1,096 |
| Median Income | $83,919 | $87,063 | $64,994 |
| Home Value To Income | 7.3x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Detailed Takoma Park Services Costs Vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Shampoo | $1.36 | $1.06 |
| Movie | $13.92 | $10.68 |
| Bowling | $19.57 | $14.67 |
Detailed Takoma Park Groceries Costs Vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Ground Beef | $4.41 | $4.22 |
| Fried Chicken | $1.8 | $1.39 |
| Milk | $2.46 | $2.05 |
Detailed Takoma Park Health Costs Vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Haircut | $30.9 | $18.62 |
| Beauty Salon | $66.76 | $39.05 |
| Toothpaste | $3.47 | $2.34 |
Detailed Takoma Park Transportation Costs Vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Potatoes | $4.33 | $3.29 |
| Pizza | $11.68 | $10.62 |
| Beer | $10.08 | $9.38 |
| Optometrist | $79.25 | $108.57 |
| Doctor | $109.41 | $116.17 |
| Dentist | $94.31 | $99.13 |
Detailed Takoma Park Utilities Costs Vs. Maryland
| Item | Takoma Park | Maryland |
|---|---|---|
| Gasoline | $2.31 | $2.22 |
| Tire Balancing | $53.69 | $50.07 |
| All Electricity | $204.75 | $167.67 |
| Phone | $184.51 | $175.64 |
Takoma Park SnackAbility
/10
Cost Of Living In Cities Around Takoma Park
| City | Population | Cost Of Living | Vs. Takoma Park |
|---|---|---|---|
| Silver Spring, MD | 81,069 | 147 | 1.0x |
| Olney, MD | 35,350 | 150 | 1.0x |
| Chillum, MD | 34,230 | 122 | 0.8x |
| North Laurel, MD | 24,856 | 129 | 0.9x |
| North Potomac, MD | 24,146 | 167 | 1.1x |
| Langley Park, MD | 19,391 | 119 | 0.8x |
| Hyattsville, MD | 18,267 | 123 | 0.8x |
| Adelphi, MD | 16,364 | 123 | 0.8x |
| Kemp Mill, MD | 14,812 | 141 | 0.9x |
| Colesville, MD | 14,397 | 140 | 0.9x |
