Housing costs in Takoma Park?
A typical home costs
$622,600, which is 84.1% more expensive than the national average of
$338,100 and 60.4% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Takoma Park costs
$1,480 per month, which is 8.6% cheaper than the national average of
$1,620 and 23.0% cheaper than the state average of
$1,820.
Can I afford Takoma Park?
To live comfortably in Takoma Park (zip 20912), Maryland, a minimum annual income of
$119,160 for a family, and
$52,000 for a single person is recommended.
What does A.I. say about Takoma Park?
The cost of living in 20912 Takoma Park, MD is relatively high compared to other areas within the United States. The median home price in this zip code is about $476,000, much higher than the national average of $200,000. Renting can also be expensive with an average monthly rent of around $1,800 for a one-bedroom apartment. Groceries and other daily necessities are also slightly above average when it comes to pricing. Despite the somewhat high cost of living, many people find that Takoma Park is worth it due to its close proximity to Washington D.C., its vibrant atmosphere, and its excellent public transportation options.