Is Potomac, Maryland a Good Place To Live? - Living In Potomac, MD
Is Potomac, Maryland a good place to live?
Potomac is a city in Maryland state in USA with a population of 46256 residents..
The poverty rate of Potomac is 3.8%, which is 73% lower than national average.
The typical household in Potomac earns $189729 a year, compared to the national median of $67,500.
Nearly 11.7% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Potomac, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Potomac remained 4%, which is 15% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Potomac, only 82% of adults have a bachelor's degree and 10% have some college but no degree.
Cost of living in Potomac is 198, which is 98% higher than national average. Median home value in Potomac is $905800 , which is 294% higher than national average. While median income in Potomac remained $189729, which is 181% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
A high school education is a basic prerequisite for most jobs, and in Potomac, only 97% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Potomac remained 4%, which is 15% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Potomac, only 82% of adults have a bachelor's degree and 10% have some college but no degree.
Cost of living in Potomac is 198, which is 98% higher than national average. Median home value in Potomac is $905800 , which is 294% higher than national average. While median income in Potomac remained $189729, which is 181% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
46256
Unemployment
4%
Poverty
3.8%
Overall Score
7
Median Home Cost
$905800
294%
NAT AVG.
Median Income
$189729
181%
NAT AVG.
Median Rent
$2024
74%
NAT AVG.
Cost Of Living
198
98%
NAT AVG.
People Living BPL
1 in 26
Unemployed People
1 in 25
People Earning < $10,000
1 in 33
People Earning < $50,000
11.7%
People with <= High School
1 in 12.5
People With Any Degree
1 in 1.2
Pros & Cons Overview
Jobs85%
Housing100%
Affordability80%
Safety85%
Amenities85%
Diversity90%
Education95%
Commute40%
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