Takoma Park, MD
Population 17,522 · Maryland
About Takoma Park, MD
Takoma Park is a mid-sized city located in Maryland with a population of 17,522 residents according to the latest US Census Bureau American Community Survey data. The median household income is $97,872 per year, which is 30% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Takoma Park features a median home value of $721,500, which is 195% above the national median of $244,900. This places Takoma Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,388, 19% above the national average of $1,163/month. Of the 7,086 total housing units, 52% are owner-occupied (3,512 units) and 48% are renter-occupied (3,279 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Takoma Park shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Takoma Park have an average one-way commute time of 32.3 minutes.
Education & Demographics
60.3% of Takoma Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.8% White, 2.4% Hispanic or Latino, 0.3% Black or African American, and 11.7% Asian residents, with 31.1% of the population being foreign-born.
Cost of Living in Takoma Park, MD
Compared to national averages, Takoma Park has a median household income of $97,872 (30% above the national median of $75,149). Home values average $721,500, which is 195% above the national median. Monthly rent at $1,388 is 19% above the US average of $1,163. Within Maryland, Takoma Park's income is 9% below the state average of $107,956, and home values are 79% above the state median of $402,447.
Why Live in Takoma Park, MD?
Takoma Park offers a strong local economy with a median household income of $97,872, well above the national average, and a well-educated community where 60.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $721,500. However, Takoma Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Takoma Park has a population of 17,522 with a median age of 41.1 years. Compare Takoma Park with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Takoma Park
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glassmanor | 17,687 | $69,778 | $316,500 | Compare |
| Calverton | 17,721 | $108,315 | $468,600 | Compare |
| Adelphi | 17,210 | $80,833 | $401,700 | Compare |
| Easton | 17,202 | $73,460 | $348,400 | Compare |
| Parole | 17,910 | $119,591 | $521,100 | Compare |
| Ferndale | 17,076 | $92,391 | $325,400 | Compare |
| Damascus | 16,864 | $153,994 | $496,500 | Compare |
| Aberdeen | 16,831 | $76,019 | $239,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Takoma Park With Other Cities
Frequently Asked Questions about Takoma Park
What is the population of Takoma Park, MD?
The population of Takoma Park, MD is 17,522 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Maryland.
What is the median household income in Takoma Park?
The median household income in Takoma Park, MD is $97,872 per year, which is 30% above the national median of $75,149.
What is the median home value in Takoma Park?
The median home value in Takoma Park, MD is $721,500, which is 195% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Takoma Park?
The median monthly rent in Takoma Park, MD is $1,388, which is 19% above the national average of $1,163/month.
What is the unemployment rate in Takoma Park?
The unemployment rate in Takoma Park, MD is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Takoma Park, MD a good place to live?
Takoma Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 17,522 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Takoma Park, MD?
60.3% of residents in Takoma Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Takoma Park?
Key cost-of-living indicators for Takoma Park, MD: median home value is $721,500 (195% above national), median rent is $1,388/month, and median household income is $97,872. The home-value-to-income ratio is 7.4x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Takoma Park?
The poverty rate in Takoma Park, MD is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Takoma Park, MD?
Takoma Park's population is 1.8% White, 2.4% Hispanic or Latino, 0.3% Black or African American, 11.7% Asian, and 32.5% two or more races. 31.1% of residents are foreign-born.