Pros and Cons of Living In Takoma Park, Maryland. Is Takoma Park, MD a Nice Place To Live or Retire?

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Takoma Park, Maryland

Moving to Takoma Park In Maryland ? Is Takoma Park, MD a Nice Place To Live? Pros and Cons of Living in Takoma Park, Maryland. Find out the best and worst about to live, raise a family or retire in Takoma Park.

DEMOGRAPHICS

Population
17703
Unemployment
5.4%
15% NAT AVG.
Poverty
8.7%
38% NAT AVG.
Cost Of Living
151
51% NAT AVG.

ECONOMICS

Median Home Cost
$611400
166% NAT AVG.
Median Income
$83919
24% NAT AVG.
Median Rent
$1156
0% NAT AVG.
Overall Score
8

CRIME REPORT

Total Crime
530
27% NAT. AVG.
48% STATE AVG.
Violent Crime
61
12% NAT. AVG.
14% STATE AVG.
Property Crime
469
34% NAT. AVG.
63% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 11
Unemployed People
1 in 19
People Earning < $10,000
1 in 15
People Earning < $50,000
31.6%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Takoma Park USA
White 43.8% 60.1%
African American 35.4% 12.2%
American Indian 0.2% 0.6%
Asian 4.7% 5.6%
Hawaiian 0% 0.2%
Multiracial 4.3% 2.8%
Hispanic 11.4% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Takoma Park USA
Less than $10,000 6.5% 5.8%
$10,000 to $14,999 3.4% 4.1%
$15,000 to $24,999 4.4% 8.5%
$25,000 to $34,999 9.5% 8.6%
$35,000 to $49,999 7.8% 12.0%
$50,000 to $74,999 13.9% 17.2%
$75,000 to $99,999 12% 12.8%
$100,000 to $149,999 14.1% 15.6%
$150,000 to $199,999 8% 7.1%

EDUCATION

Education Takoma Park USA
< 9th Grade 7% 5.0%
9-12th Grade 4% 7.0%
High School or GED 15% 27.0%
Other College 10% 20.0%
Associate's Degree 5% 9%
Bachelor's Degree 21% 20.0%
Master's Degree 24% 9.0%
Professional Degree 7% 2.0%
Doctorate Degree 7% 1.0%
Takoma Park is a city in Maryland state in USA with a population of 17703 residents.. The poverty rate of Takoma Park is 8.7%, which is 38% lower than national average. The typical household in Takoma Park earns $83919 a year, compared to the national median of $67,500. Nearly 31.6% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Takoma Park remained 5.4%, which is 15% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Takoma Park is 151, which is 51% higher than national average. In Takoma Park, only 59% of adults have a bachelor's degree and 15% have some college but no degree. Median home value in Takoma Park is $611400 , which is 166% higher than national average. While median income in Takoma Park remained $83919, which is 24% 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.
Takoma Park Scorecard

Jobs80%

Housing90%

Affordability60%

Safety50%

Amenities95%

Diversity100%

Education80%

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