Is Towson, Maryland a Good Place To Live? - Living In Towson, MD
Is Towson, Maryland a good place to live?
Towson is a city in Maryland state in USA with a population of 57542 residents..
The poverty rate of Towson is 11.1%, which is 21% lower than national average.
The typical household in Towson earns $90951 a year, compared to the national median of $67,500.
Nearly 28.4% 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 Towson, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Towson remained 4.2%, which is 11% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Towson, only 66% of adults have a bachelor's degree and 18% have some college but no degree.
Cost of living in Towson is 123, which is 23% higher than national average. Median home value in Towson is $367200 , which is 60% higher than national average. While median income in Towson remained $90951, which is 35% 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 Towson, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Towson remained 4.2%, which is 11% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Towson, only 66% of adults have a bachelor's degree and 18% have some college but no degree.
Cost of living in Towson is 123, which is 23% higher than national average. Median home value in Towson is $367200 , which is 60% higher than national average. While median income in Towson remained $90951, which is 35% 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
57542
Unemployment
4.2%
Poverty
11.1%
Overall Score
7.5
Median Home Cost
$367200
60%
NAT AVG.
Median Income
$90951
35%
NAT AVG.
Median Rent
$1488
28%
NAT AVG.
Cost Of Living
123
23%
NAT AVG.
People Living BPL
1 in 9
Unemployed People
1 in 24
People Earning < $10,000
1 in 14
People Earning < $50,000
28.4%
People with <= High School
1 in 6.3
People With Any Degree
1 in 1.4
Pros & Cons Overview
Jobs85%
Housing90%
Affordability60%
Safety95%
Amenities95%
Diversity85%
Education90%
Commute60%
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