Housing costs in Takoma Park?
A typical home costs
$667,000, which is 97.3% more expensive than the national average of
$338,100 and 71.9% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Takoma Park costs
$1,510 per month, which is 5.6% more than the national average of
$1,430 and 7.3% cheaper than the state average of
$1,620.
Can I afford Takoma Park?
To live comfortably in Takoma Park, Maryland, a minimum annual income of
$127,800 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Takoma Park?
Takoma Park, MD is a unique city with an affordable cost of living. The overall cost of living in Takoma Park is 8% lower than the national average, and the median home value is $387,000. Groceries, health care, and transportation costs are all slightly lower than the national average as well. In addition to the affordable prices in Takoma Park, there is also a wide variety of restaurants and local businesses that make it easy for residents to get what they need without spending too much. Overall, Takoma Park is an excellent option for those looking for an affordable cost of living while still enjoying all the amenities and attractions available in a big city.