Towson, MD
Population 57,683 · Maryland
About Towson, MD
Towson is a mid-sized city located in Maryland with a population of 57,683 residents according to the latest US Census Bureau American Community Survey data. The median household income is $100,481 per year, which is 34% above the national median of $75,149. The median age of 33.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Towson features a median home value of $445,100, which is 82% above the national median of $244,900. This places Towson in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,784, 53% above the national average of $1,163/month. Of the 24,304 total housing units, 56% are owner-occupied (12,603 units) and 44% are renter-occupied (9,882 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Towson shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 12.7%, above the national average of 12.4%. Workers in Towson have an average one-way commute time of 25.7 minutes.
Education & Demographics
68.1% of Towson 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 1.2% White, 1.1% Hispanic or Latino, 1.1% Black or African American, and 3.3% Asian residents, with 10.9% of the population being foreign-born.
How Towson Ranks in Maryland
Cost of Living in Towson, MD
Compared to national averages, Towson has a median household income of $100,481 (34% above the national median of $75,149). Home values average $445,100, which is 82% above the national median. Monthly rent at $1,784 is 53% above the US average of $1,163. Within Maryland, Towson's income is 7% below the state average of $107,956, and home values are 11% above the state median of $402,447.
Why Live in Towson, MD?
Towson offers a strong local economy with a median household income of $100,481, well above the national average, and a well-educated community where 68.1% of residents hold a bachelor’s degree or higher.
Potential considerations include a competitive housing market where the typical home costs $445,100. However, as a mid-sized city, Towson provides access to a wide range of amenities and services.
Towson has a population of 57,683 with a median age of 33.2 years. Compare Towson with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Towson
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bel Air South | 57,702 | $120,721 | $384,000 | Compare |
| Bowie | 57,771 | $141,831 | $442,000 | Compare |
| Severn | 58,041 | $130,627 | $465,600 | Compare |
| Aspen Hill | 53,752 | $109,026 | $538,000 | Compare |
| Wheaton | 52,172 | $107,349 | $483,100 | Compare |
| Dundalk | 65,441 | $62,349 | $199,600 | Compare |
| North Bethesda | 49,498 | $128,970 | $712,100 | Compare |
| Rockville | 67,218 | $122,384 | $658,300 | 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 Towson With Other Cities
Frequently Asked Questions about Towson
What is the population of Towson, MD?
The population of Towson, MD is 57,683 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 Towson?
The median household income in Towson, MD is $100,481 per year, which is 34% above the national median of $75,149.
What is the median home value in Towson?
The median home value in Towson, MD is $445,100, which is 82% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Towson?
The median monthly rent in Towson, MD is $1,784, which is 53% above the national average of $1,163/month.
What is the unemployment rate in Towson?
The unemployment rate in Towson, MD is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Towson, MD a good place to live?
Towson offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 57,683 and a median age of 33.2, the city appeals to young professionals and families.
How educated is Towson, MD?
68.1% of residents in Towson 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 Towson?
Key cost-of-living indicators for Towson, MD: median home value is $445,100 (82% above national), median rent is $1,784/month, and median household income is $100,481. The home-value-to-income ratio is 4.4x, a moderate figure by national standards.
What is the poverty rate in Towson?
The poverty rate in Towson, MD is 12.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Towson, MD?
Towson's population is 1.2% White, 1.1% Hispanic or Latino, 1.1% Black or African American, 3.3% Asian, and 15.7% two or more races. 10.9% of residents are foreign-born.