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All about

Takoma Park, MD

The town of Takoma Park, Maryland is home to just under 18,000 residents. Families with young children are typical, as kids under 5 make up an above-average 8% of the community, while young adults account for a smaller percentage of the city. Overall, the city's residents, with an average age of just over 37, skew younger than most cities in Maryland. A narrow majority of residents own their homes (54%) as opposed to renting (46%) in Takoma Park. Renting remains an affordable option, though, as the city boasts a relatively low average rent of $1,204 per month. Over the course of a year, renters in Takoma Park will save around $1,700 compared to the state average.

There are plenty of industries from which to choose in Takoma Park. The five most common are healthcare, education, scientific, public administration, and entertainment. Combined, these industries make up 34% of the labor force in the city. Meanwhile, in terms of job function, 9% of the city's population works in management, making it the top field in the city. With an average annual income of around $106,000, Takoma Park workers earn about $14,000 more than their peers elsewhere in Maryland. Takoma Park's average income also compares favorably to the national average of $73,345. Takoma Park has a large number of residents over the age of 25 who have advanced degrees compared to the national average (7%), as 19% possess a Master's degree or a Doctoral degree. Furthermore, 16% have earned a Bachelor's degree.

Averaging about 41 minutes, Takoma Park's commute time is slower than the Maryland average of about 36 minutes. Driving a car or truck is the prevailing way to get to work, selected by 32% of workers, while public transit is used by only 16% of the population. Not many commuters (2%) walk to work, though the number surpasses the national average.

Average Rent in Takoma Park

Studio1 Bed2 Bed3 Bed
Dec 19$1,228$1,334$1,675
Oct 191,2281,4131,675
Sep 191,2401,4111,683
Aug 191,2401,4111,683
Jul 199001,4531,629
Jun 191,2591,4531,637
May 191,2591,4531,599
Apr 191,2591,4341,614
Mar 191,2541,3331,527
Feb 191,2541,3331,527
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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